As we usually see, the Bureau of Labor Statistics said that no special factors had an impact on this week’s initial claims.
The four-week moving average was 281,000, a drop of 3,000 from the prior week’s revised average, and it was the lowest level for this average since May 6, 2000.
The advance number for seasonally adjusted insured unemployment — the continuing claims — was 2,351,000 during the week ending October 11, down some 38,000 from the previous week’s unrevised level of 2,389,000. This was listed by the Labor Department as the lowest level for insured unemployment since December 23, 2000.
The good news here is that jobless claims have remained handily under the 300,000 mark, despite weak numbers elsewhere.
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