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US jobless claims fall to 189,000, below the 196,000 estimate

The prior week was revised up to 195,000; continuing claims cover the week ending Oct. 24.

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Why it matters: Fewer new claims point to still-limited layoffs, even as continuing claims rose.

For information only, not investment advice.

Initial jobless claims vs. the estimate
Sainteur chart · Data: Labor Department

US initial jobless claims fell 6,000 to 189,000 in the week ending Oct. 31, below the 196,000 economists expected, the Labor Department said.12 Continuing claims rose 23,000 to 1.718 million in the week ending Oct. 24.1

Sources

  1. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS, U.S. Department of Labor
  2. US Initial Jobless Claims dropped to 189K last week, FXStreet
  3. United States Initial Jobless Claims, Trading Economics

Tags: jobs