US: Initial weekly jobless claims increased by 7,000 to 214,000

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“In the week ending October 6, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 7,000 from the previous week’s unrevised level of 207,000,” the U.S. Department of Labor announced on Thursday.

Key takeaways

  • The 4-week moving average was 209,500, an increase of 2,500 from the previous week’s unrevised average of 207,000. 
  • The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 29, unchanged from the previous week’s unrevised rate.
  • The advance number for seasonally adjusted insured unemployment during the week ending September 29 was 1,660,000, an increase of 4,000 from the previous week’s revised level. 
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