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U.S. jobless claims fall to 189,000, Labor Department says
The Labor Department said 189,000 people filed for unemployment benefits in the week ending Oct. 31, down 6,000 from the prior week.
Wire reporting: (AP, via ABC News)
Seasonally adjusted initial unemployment insurance claims fell to 189,000 in the week ending Oct. 31, the Labor Department said Thursday, down 6,000 from a revised 195,000 the week before1.
The four-week moving average of initial claims declined to 194,750 from 197,0001. Unadjusted initial claims were 176,698, compared with 179,649 a week earlier1.
Insured unemployment, a measure of people already receiving benefits, rose to a seasonally adjusted 1,718,000 in the week ending Oct. 24 from 1,695,000, while the insured unemployment rate held at 1.1 percent1.
Associated Press reporting carried by ABC News said the 189,000 figure was the lowest weekly total since mid-July and that claims have stayed at or below 200,000 for eight straight weeks2. The same account said weekly claims have not topped 230,000 this year2.
The AP dispatch, citing FactSet, said economists expect Friday's October employment report to show about 65,000 jobs added and the unemployment rate to remain at 4.2 percent2. Those forecasts are not in the Labor Department claims release1.
The Associated Press, carried by ABC News, treats weekly claims as a proxy for layoffs2. The next scheduled federal jobs snapshot is the October employment report due Friday2.
