According to the US Department of Labor, in the week ending October 15, the advance figure for seasonally adjusted initial claims was 403,000, a decrease of 6,000 from the previous week’s revised figure of 409,000. The 4-week moving average was 403,000, a decrease of 6,250 from the previous week’s revised average of 409,250.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending October 8, unchanged from the prior week’s unrevised rate of 2.9%.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending October 8 was 3,719,000, an increase of 25,000 from the preceding week’s revised level of 3,694,000. The 4-week moving average was 3,722,500, a decrease of 7,500 from the preceding week’s revised average of 3,730,000.