According to the US Department of Labor, in the week ending October 30, the advance figure for seasonally adjusted initial claims was 457,000, an increase of 20,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 456,000, an increase of 2,000 from the previous week’s revised average of 454,000.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending October 23, a decrease of 0.1 percentage points 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 23 was 4,340,000, a decrease of 42,000 from the preceding week’s revised level of 4,382,000. The 4-week moving average was 4,410,750, a decrease of 42,750 from the preceding week’s revised average of 4,453,500.