Unemployment benefit claims in the US fell to 194,000, below expectations
According to data from the US Department of Labor, unemployment benefit claims fell to 194,000 in the week ending October 24, marking the lowest level since mid-July. Market expectations were for claims to reach 198,000.
The number of people filing for unemployment benefits for the first time in the US decreased by 1,000 from the previous week to 194,000 in the week ending October 24.
According to data released by the US Department of Labor, the downward trend in unemployment benefit claims continued. While the previous week's data was revised from 194,000 to 195,000, the latest figure of 194,000 remained below the market expectation of 198,000.
The 4-week moving average of unemployment benefit claims, which reflects activity in the labor market, also decreased by 1,250 to 196,750. Additionally, continuing unemployment benefit claims for the week ending October 17 fell by 21,000 to 1 million 701 thousand.
Sources
- ekonomim.com · Link