First-Time Jobless Claims Edge Up

Last week's increase was 4,000.

Fewer auto industry layoffs occurred in Michigan last week, but manufacturing layoffs, including the auto industry, were higher in Indiana and Kentucky. As a result, initial claims for unemployment insurance rose by 4,000 to 308,000 in the week ending Oct. 7, the U.S. Labor Department reported on Oct. 12.

The department's four-week moving average of first-time claims, however, continued its recent decline, falling to 313, 250, a decrease of 750 claims the from the previous week's revised average of 314,000.

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