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“In the week ending November 3, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 1,000 from the previous week’s revised level,”  the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

  • The previous week’s level was revised up by 1,000 from 214,000 to 215,000.
  • The 4-week moving average was 213,750, a decrease of 250 from the previous week’s revised average.
  • The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending October 27, unchanged from the previous week’s unrevised rate.
  • The advance number for seasonally adjusted insured unemployment during the week ending October 27 was 1,623,000, a decrease of 8,000 from the previous week’s unrevised level of 1,631,000.