Weekly Jobless Claims Decline in the Week Ending October 24th, 2020

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.