According to the US Department of Labor, in the week ending October 31, the advance figure for seasonally adjusted initial claims was 512,000, a decrease of 20,000 from the previous week’s revised figure of 532,000. The 4-week moving average was 523,750, a decrease of 3,000 from the previous week’s revised average of 526,750.
The advance seasonally adjusted insured unemployment rate was 4.4% for the week ending October 24, unchanged from the prior week’s unrevised rate of 4.4%.
The advance number for seasonally adjusted insured unemployment during the week ending October 24 was 5,749,000, a decrease of 68,000 from the preceding week’s revised level of 5,817,000. The 4-week moving average was 5,886,250, a decrease of 79,500 from the preceding week’s revised average of 5,965,750.