Better Than Expected Initial Jobless Claims

Today's lower than expected reading in initial jobless claims (512K) for the week ending 10/31 brought the four-week moving average down to 523.75K, which ties for the lowest reading of the year (1/10).  With nine straight weeks of declines in the four-week moving average, it's hard to argue that things aren't at least improving.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

Comments

[David3]

Improving? Sure, but this chart needs to be coupled with the median duration of claims for context. Also, I see that Congress is about to extend insurance up to 20 more weeks.