According to the US Department of Labor, in the week ending October 22, the advance figure for seasonally adjusted initial claims was 402,000, a decrease of 2,000 from the previous week’s revised figure of 404,000. The 4-week moving average was 405,500, an increase of 1,750 from the previous week’s revised average of 403,750.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending October 15, a decrease of 0.1 percentage point from the prior week’s revised rate of 3.0%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending October 15 was 3,645,000, a decrease of 96,000 from the preceding week’s revised level of 3,741,000. The 4-week moving average was 3,701,000, a decrease of 26,750 from the preceding week’s revised average of 3,727,750.