Jobless Claims Steady, Low And Consistent

Jobless claims are steady and low and remain consistent with strong demand for labor. Initial claims came in at 219,000 in the September 28 week with the 4-week average unchanged at a very favorable 212,500. Continuing claims in lagging data for the September 21 fell 5,000 with this 4-week average down 5,750 to a favorable 1.662 million. The unemployment rate for insured workers held at 1.1 percent for a second straight week. Whether this report or employment data from Challenger, ADP, or the Conference Board's consumer confidence report, indications are consistent and point to a solid monthly employment report for tomorrow.