• U.S. Initial Unemployment Claims Down 30k

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“In the week ending October 6, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 30,000 from the previous week's revised figure of 369,000 and down 9.8% from the same week a year ago. The 4-week moving average was 364,000, a decrease of 11,500 from the previous week's revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 29, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending September 22 were in Puerto Rico (3.9), Alaska (3.7), Virgin Islands (3.7), Pennsylvania (3.2), New Jersey (3.1), California (3.1), Connecticut (2.9), Nevada (2.7), and Oregon (2.7). The largest increases in initial claims for the week ending September 29 were in New York (+2,764), California (+2,069), North Carolina (+1,217), Pennsylvania (+989), and Arkansas (+538), while the largest decreases were in Mississippi (-3,393), Michigan (-2,639), Florida (-1,972), Ohio (-1,723), and Oregon (-1,135).” Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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