- Prior week 232K
- Initial jobless claims 220K vs 230K estimate
- 4-week MA 224.25K vs 227.25K prior
- Continuing claims 1.974M vs estimate 1.951M. Prior week 1.957M
- 4-week moving average 1.960M vs 1.954M the prior week.
Like the US jobs report for September, this report is also not showing job weakness.
The Department of Labor has also updated the gap weeks and looking at the chart below, the data has been very stable with little moves higher and lower during the gap weeks.
For the full report CLICK HERE
PS You might think that the DOL might adjust the scale to better show the swings. Below is the continuing claims chart. It does not have to be 0.0 on the low end of the scale...Just saying.
