US Jobless claims rise

NEW YORK. — Applications for unemployment benefits rose by 3 000 to 287 000 in the week ending October 25th. Despite the increase in the latest week, the 4-week moving average was the lowest than at any time in more than 14 years.

The previous week’s level was revised up by 1 000 from 283 000 to 284 000. The 4-week moving average was 281 000, a decrease of 250 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 1,8 percent for the week ending October 18, unchanged from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending October 18 was 2 384 000, an increase of 29 000 from the previous week’s revised level.

The previous week’s level was revised up 4 000 from 2 351 000 to 2 355 000. The 4-week moving average was 2 377 500, a decrease of 4 500 from the previous week’s revised average.

This is the lowest level for this average since January 13, 2001 when it was 2 360 500. The previous week’s average was revised up by 1 000 from 2 381 000 to 2 382 000. — Trading Economics.

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