Weekly jobless claims hold at 194,000, Labor Department says

Initial claims slipped by 1,000 in the week ending October 24, staying under 200,000. Continuing claims fell 21,000 to 1,701,000.

In this brief: 3 sections 1 min read

- Seasonally adjusted initial claims: 194,000. Prior week revised up from 194,000 to 195,000. Four-week moving average: 196,750.
- Insured unemployment fell 21,000 to 1,701,000. Prior week revised down from 1,728,000 to 1,722,000. Four-week average: 1,710,000. Insured unemployment rate unchanged at 1.1%.
- Weekly claims under 200,000 point to few layoffs nationally. Continuing claims eased this week after rising the week before.

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