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Friday, February 21, 2020
HomeNewsEconomyJobless Claims Fall 10K for Week Ending October 5, Easily Beating Forecast

Jobless Claims Fall 10K for Week Ending October 5, Easily Beating Forecast

U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)

The U.S. Labor Department reported initial jobless claims fell 10,000 to a seasonally adjusted 210,000 for the week ending October 5, beating consensus. The 4-week average came in at 213,750 for the week, a gain of 1,000.

The advance seasonally adjusted insured unemployment rate rose 0.1% to a still very low 1.2% for the week ending September 28. In early October, the insured unemployment rate fell to an all-time low 1.1%.

Not seasonally adjusted, the insured unemployment rate remained at 1.0%.

The advance number of insured unemployment during the week ending September 28 was 1,684,000, an increase of 29,000. The 4-week average was 1,665,000, an increase of 2,500.

No state was triggered “on” the Extended Benefits program during the week ending September 21, the Labor Department added.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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