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Kawry Finance News > Blog > Economy > Weekly new unemployment claims fall to 216,000
Economy

Weekly new unemployment claims fall to 216,000

bexib
Last updated: October 31, 2024 3:50 pm
By bexib 1 Min Read
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by calculated risk October 31, 2024 08:30:00 AM

dollar reported:

Advance figures for the week ending October 26 are: Initial seasonally adjusted claims were 216,000a decrease of 12,000 cases from the previous week’s revised figure. Last week’s level was revised upward by 1,000 cases, from 227,000 to 228,000. The four-week moving average was 236,500, down 2,250 from the previous week’s revised average. Last week’s average was revised upward by 250 people, from 238,500 to 238,750.
Emphasis added

The following graph shows the four-week moving average of weekly claims since 1971.

Click on the graph to see a larger image.

The dashed line on the graph is the current four-week average. The four-week average of weekly unemployment insurance claims fell to 236,500.

Last week’s figure was revised upward.

Weekly filings were below consensus expectations.

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