U.S. initial jobless claims fell to 189,000 in the week ending October 31, while continuing claims rose to 1,718,000 for the earlier week ending October 24, InvestingLive reports. The initial-claims four-week average also declined, suggesting limited layoff pressure. Rising continuing claims temper that picture: people already receiving benefits may be taking longer to find work. Both series are seasonally adjusted and subject to revision.
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Greg Michalowski says falling initial claims suggest limited layoff pressure, while higher continuing claims can indicate longer job searches.
Initial jobless claims fell 6,000 to 189,000 for the week ending October 31; the prior week was revised to 195,000 from 194,000.
InvestingLive / ForexLiveContinuing claims rose 23,000 to 1,718,000 for the week ending October 24; the prior figure was revised to 1,695,000 from 1,701,000.
InvestingLive / ForexLiveBoth headline series are seasonally adjusted and subject to revision; continuing claims are reported with an extra week’s lag.
InvestingLive / ForexLiveLimitation: The series cover different weeks, are seasonally adjusted and remain subject to revision.
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