U.S. Jobless Claims Continue To Fall

In part because of fewer hurricane-related claims in Louisiana, the number of initial claims for unemployment in the U.S. fell last week for the third consecutive week. Claims for the week ending Oct. 29 were a seasonally adjusted 323,000, a decrease of 8,000 from the previous week's revised total of 331,000, the U.S. Labor Department reported on Nov. 3.

The department's four-week moving average of claims, which tends to give a better picture of underlying labor market conditions because it smooths out week-to-week changes, also fell last week. The average was 350,500, a decrease of 17,000 from the previous week's revised average of 367,500.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.