• U.S. Initial Unemployment Claims Jump 46k

---

In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week's revised figure of 342,000 and down 3.5% from the same week a year ago. The 4-week moving average was 365,500, an increase of 750 from the previous week's revised average of 364,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending October 6, a decrease of 0.1 percentage point from the prior week's unrevised rate. The highest insured unemployment rates in the week ending September 29 were in Puerto Rico (3.9), Alaska (3.8), California (3.2), New Jersey (3.1), Virgin Islands (3.1), Pennsylvania (3.0), Connecticut (2.9), Nevada (2.7), Oregon (2.7), Arkansas (2.6), and New York (2.6). The largest increases in initial claims for the week ending October 6 were in New York (+2,700), Oregon (+2,215), Illinois (+1,800), Texas (+1,724), and Georgia (+1,651), while the largest decreases were in California (-4,979), Alabama (-322), West Virginia (-50), and Rhode Island (-42). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

---