- U.S. weekly jobless claims total 326,000
Market news
U.S. weekly jobless claims total 326,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment declined more than forecast last week.
According
to the report, the initial claims for unemployment benefits decreased by 38,000
to 326,000 for the week ended October 2. This was the lowest reading since the
week ended September 4.
Economists
had expected 348,000 new claims last week.
Claims for the prior week were revised upwardly to 364,000 from the initial estimate of 362,000.
Meanwhile,
the four-week moving average of jobless claims increased to 344,000 from an upwardly
revised 340,500 in the previous week.
As
for continuing claims, they fell to 2,714,000 from an upwardly revised 2,811,000
in the previous week. This was the lowest reading since March 2020.
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