The U.S. Department of Labor is reporting that an additional 751,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, October 24th. A decrease of 40,000 from the previous week’s revised level. The 4-week moving average was 787,750, a decrease of 24,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending 17th October was 7,756,000, a decrease of 709,000 from the previous week’s revised level. he 4-week moving average was 9,053,250 a decrease of 1,055,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 5.3% for the week ending 17th October a decline of 0.5% from the previous week’s revised averages.
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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS