Initial Jobless Claims Steady at 209K in Week Ending October 7

Washington, DC, October 12, 2023-In the week ending October 7, the advance figure for seasonally adjusted initial claims was 209,000, unchanged from the previous week's revised level, according to the Department of Labor. The previous week's level was revised up by 2,000 from 207,000 to 209,000. The four-week moving average was 206,250, a decrease of 3,000 from the previous week's revised average. The previous week's average was revised up by 500 from 208,750 to 209,250.

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending September 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 30 was 1,702,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 1,664,000 to 1,672,000. The four-week moving average was 1,674,250, an increase of 4,750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 1,667,500 to 1,669,500.