The DOL reported:
In the week ending October 21, the advance figure for seasonally adjusted initial claims was 210,000, an increase of
10,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 198,000 to
200,000. The 4-week moving average was 207,500, an increase of 1,250 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 205,750 to 206,250.
emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 207,500.
The previous week was revised up.
Weekly claims were higher than the consensus forecast.