US weekly unemployment claims fall to 194,000
Economy · First reported 29 Oct, 12:57 · Updated 17:55
New US unemployment-benefit claims edged lower in the week ended October 24, remaining near levels last seen in 1969. The report also showed a decline in continuing claims.
- Initial claims fell by 1,000 to a seasonally adjusted 194,000 for the week ended October 24; economists polled by Reuters had forecast 199,000.
- Claims have mostly stayed below 200,000 since mid-September and were close to the 189,000 level recorded in mid-July, the lowest since 1969.
- Continuing claims fell by 21,000 to a seasonally adjusted 1.701 million for the week ended October 17.
Summary written by Lux AI from 2 articles
Key facts
- Initial claims
- 194,000, down 1,000 in the week ended October 24.
- Economists’ forecast
- 199,000 claims.
- Continuing claims
- 1.701 million, down 21,000 in the week ended October 17.
- September jobless rate
- 4.2%.
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