US unemployment claims fall to 194,000
The number of people filing for first-time unemployment benefits in the US fell below market expectations in the week ending October 17, seeing its lowest level since mid-July.
According to weekly data released by the US Department of Labor, the number of first-time unemployment claims decreased by 6,000 people to 194,000 in the week ending October 17.
The number of individuals filing for initial unemployment benefits in the US dropped by 6,000 compared to the previous week to 194,000 in the week ending October 17. Falling to its lowest level since mid-July, the number of unemployment claims was expected to be 200,000 during this period. Meanwhile, the previous week's data for unemployment claims was revised from 199,000 to 200,000.
As of last week, the 4-week moving average of unemployment claims decreased by 1,000 to 197,750. On the other hand, the number of continuing unemployment claims increased by 25,000 compared to the previous week, reaching 1,728,000 in the week ending October 10.
Sources
- bigpara.hurriyet.com.tr · Link