“In the week ending October 13, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 5,000 from the previous week’s revised level,” the U.S. Department of Labor announced on Thursday.
Key takeaways from the press release
- The 4-week moving average was 211,750, an increase of 2,000 from the previous week’s revised average.
- The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 6, unchanged from the previous week’s unrevised rate.
- The advance number for seasonally adjusted insured unemployment during the week ending October 6 was 1,640,000, a decrease of 13,000 from the previous week’s revised level.
- This is the lowest level for insured unemployment since August 4, 1973 when it was 1,633,000.
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