Source: PPD Business Staff
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.