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 31st. A decrease of 7,000 from the previous week’s revised level. Jobless claims have now slipped below 800,000 for the third week in a row. The 4-week moving average was 787,000, a decrease of 4,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending October 24th was 7,285,000, a decrease of 538,000 from the previous week’s revised level. Continuing claims remain below 20 million for the thirteenth week in a row. The 4-week moving average was 8,244,500, a decrease of 827,250 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 5.0% for the week ending October 24th, a decline of 0.3% from the previous week’s revised rates.
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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS