According to the US Department of Labor, in the week ending October 23, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 21,000 from the previous week’s revised figure of 455,000. The 4-week moving average was 453,250, a decrease of 5,500 from the previous week’s revised average of 458,750.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.5% for the week ending October 16, a decrease of 0.1 percentage points from the prior week’s revised rate of 3.6%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending October 16 was 4,356,000, a decrease of 122,000 from the preceding week’s revised level of 4,478,000. The 4-week moving average was 4,447,250, a decrease of 38,500 from the preceding week’s revised average of 4,485,750.