Continuing claims, in data that lag by a week, are also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average is down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.
There are no special factors in today's report, a report that is certain to build confidence for strength in tomorrow's October employment report.
Recent History Of This Indicator:
Initial jobless claims moved higher in last week's data but averages were still at recovery lows. Initial claims rose 3,000 in the October 25 week to 287,000 but the 4-week average edged slightly lower to 281,000 for the 7th straight decline and the lowest level since May 2000. The average was about 15,000 lower than the month-ago comparison which points to strength for the October employment report. There were no special factors in last week's report.
Initial jobless claims moved higher in last week's data but averages were still at recovery lows. Initial claims rose 3,000 in the October 25 week to 287,000 but the 4-week average edged slightly lower to 281,000 for the 7th straight decline and the lowest level since May 2000. The average was about 15,000 lower than the month-ago comparison which points to strength for the October employment report. There were no special factors in last week's report.
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