US initial jobless claims and continuing claims for the current week

Initial jobless claims
  • Prior week 281K. Revise to 283K
  • Initial jobless claims 269K versus 275K estimate and 283k (*revised +2K) last week. The claims is the lowest level since March 14, 2020
  • 4-week moving average initial jobless claims 284.75K (-15K). That was the lowest level since March 14, 2020 when 225.5K was the number (getting closer to those levels)
  • Continuing claims 2105K down -134K from last weeks revised level.
  • 4-week MA continuing claims 2356.75K. This is the lowest level for the average since March 21, 2020
  • The largest increases in initial claims for the week ending October 23 were in District of Columbia (+3,875), Kentucky (+2,940), Missouri (+2,048), Florida (+1,307), and Oklahoma (+1,256), while the largest decreases were in California (-13,138), Georgia (-4,107), Michigan (-2,505), Pennsylvania (-1,245), and Tennessee (-794).

The initial claims have been below the 300,000 level for three consecutive weeks now.