According to the US Department of Labor, in the week ending October 17, the advance figure for seasonally adjusted initial claims was 531,000, an increase of 11,000 from the previous week’s revised figure of 520,000. The 4-week moving average was 532,250, a decrease of 750 from the previous week’s revised average of 533,000.
The advance seasonally adjusted insured unemployment rate was 4.5% for the week ending October 10, a decrease of 0.1 percentage point from the prior week’s revised rate of 4.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending October 10 was 5,923,000, a decrease of 98,000 from the preceding week’s revised level of 6,021,000. The 4-week moving average was 6,030,750, a decrease of 59,250 from the preceding week’s revised average of 6,090,000.