US Initial Jobless Claims Rose By 10K to 210K, Remained in Ultra-Low Territory

Tiger Newspress2023-10-26

Initial Jobless Claims in the US increased by 10,000 in the week ending October 21.
Continuing Claims increased by 63,000 in the week ending October 14.

There were 210,000 initial jobless claims in the week ending October 21, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This reading follows last week’s print of 200,000 (revised from 198,000) and came in slightly worse than the market expectation of 208,000. The 4-week moving average was 207,500, an increase of 1,250 from the previous week's revised average.

Continuing claims rose by 63,000 in the week ending October 14 to 1.79 million, above market expectations of 1.74 million. It is the highest reading since May.

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