US Weekly Jobless Claims Increase for the Week Ending October 8th

The US Department of Labor is reporting that, seasonally adjusted, an additional 228,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, October 8th. This is an increase of 9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500—an increase of 5,000 from the previous week’s unrevised average of 206,500.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending October 1st was 1,368,000; this is an increase of 3,000 from the previous week’s upwardly revised level of 1,365,000 (originally reported as 1,361,000). The 4-week moving average was 1,363,750—a decrease of 8,000 from the previous week’s upwardly revised average of 1,371,750 (originally reported as 1,370,500).

The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending October 1st, unchanged from the previous week’s unrevised rate.