U.S. initial claims for the week ending October 31 was 751,000, down 7,000 from the previous week’s revised level, but above expected 735,000, according to the Department of Labor’s press release. Continuing claims were 7.29 million, up from the expected 7.20 million.
- Prior initial jobless claims revised higher from 751,000 to 758,000
- Prior continuing claims revised higher from 7.756 million to 7.823 million.
- The 4-week moving average was 787,000 for the week ending October 31, a 4,000 decline from the previous week’s revised average.
- Unadjusted advance actual initial claims under state programs was 738,166 for the week ending October 31, a 0.1% fall from the previous week
- Advance number for seasonally adjusted insured unemployment for the week ending October 24 was 7.3 million, a 538,000 fall from the previous week’s revised level
- The 4-week moving average for the week ending October 24 was 8.2 million, a 827,250 fall from the previous week’s revised average
Fig. Seasonally adjusted initial claims and insured unemployment
U.S. stocks are gaining. SPY is up 1.64%, QQQ: NASDAQ is up 1.87%, S&P 500 is up 1.63%
