According to the US Department of Labor, in the week ending October 16, the advance figure for seasonally adjusted initial claims was 452,000, a decrease of 23,000 from the previous week’s revised figure of 475,000. The 4-week moving average was 458,000, a decrease of 4,250 from the previous week’s revised average of 462,250.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.5% for the week ending October 9, unchanged from the prior week’s unrevised rate of 3.5%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending October 9 was 4,441,000, a decrease of 9,000 from the preceding week’s revised level of 4,450,000. The 4-week moving average was 4,478,000, a decrease of 23,250 from the preceding week’s revised average of 4,501,250.