According to the US Department of Labor, in the week ending October 29, the advance figure for seasonally adjusted initial claims was 397,000, a decrease of 9,000 from the previous week’s revised figure of 406,000. The 4-week moving average was 404,500, a decrease of 2,000 from the previous week’s revised average of 406,500.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending October 22, unchanged from the prior week’s unrevised rate.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending October 22 was 3,683,000, a decrease of 15,000 from the preceding week’s revised level of 3,698,000. The 4-week moving average was 3,703,250, a decrease of 10,500 from the preceding week’s revised average of 3,713,750.