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US weekly jobless claims rises to 215,000

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Dion Global

26 Oct 2018

The US Labor Department said initial jobless claims crept up to 215,000, an increase of 5,000 from the previous week's unrevised level of 210,000.

The Labor Department said the less volatile four-week moving average was unchanged from the previous week at 211,750.

Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, dipped by 5,000 to 1.636 million in the week ended October 13th.

The modest decrease pulled continuing claims down to their lowest level since hitting 1.633 million in August of 1973.

The four-week moving average of continuing claims also fell to a 45-year low of 1,646,500 from the previous week's revised average of 1,653,250.