• U.S. Initial Unemployment Claims Down 9k

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In the week ending October 27, the advance figure for seasonally adjusted initial claims was 363,000, a decrease of 9,000 from the previous week's revised figure of 372,000 and down 8.8% from the same week a year ago. The 4-week moving average was 367,250, a decrease of 1,500 from the previous week's revised average of 368,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending October 20, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending October 13 were in Alaska (4.0), Puerto Rico (3.7), Virgin Islands (3.4), New Jersey (3.2), California (3.1), Pennsylvania (3.1), Connecticut (3.0), Oregon (2.8), Nevada (2.7), Arkansas (2.6), Illinois (2.6), New York (2.6), and North Carolina (2.6). The largest increases in initial claims for the week ending October 20 were in North Carolina (+2,400), Pennsylvania (+1,679), New Jersey (+1,575), Georgia (+1,477), and Tennessee (+888), while the largest decreases were in California (-16,586), Florida (-2,414), Texas (-1,572), Michigan (-1,308), and Ohio (-1,214). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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