Sections: Economy

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

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.

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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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