US Weekly Initial Jobless Claims Continue to Decline in the Week Ending October 26th

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 216,000 during the week ending Saturday, October 26th. This is a decrease of 12,000 from the previous week’s revised level of 228,000 (originally 227,000). The 4-week moving average was 236,500—a decrease of 2,250 from the previous week’s revised average of 238,750 (originally 238,500).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending October 19th was 1,862,000. This is a decrease of 26,000 from the previous week’s revised total of 1,888,000 (originally 1,897,000). The 4-week moving average was 1,869,250—an increase of 10,750 from the previous week’s revised average of 1,858,500 (originally 1,860,750). This is the highest level for this average since November 27th, 2021, when it was 1,928,000.

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending October 19th, unchanged from the previous week’s revised rate of 1.2% (originally 1.3%).