Unemployment Drops.

This week’s Unemployment Insurance Weekly Claims Report has been released. Initial claims dropped to 512,000. This soundly beat the Bloomberg consensus range of 515k to 525k. Last week’s number was revised up 2,000 to 532,000. From the report:

In the week ending Oct. 31, the advance figure for seasonally adjusted initial claims was 512,000, a decrease of 20,000 from the previous week’s revised figure of 532,000. The 4-week moving average was 523,750, a decrease of 3,000 from the previous week’s revised average of 526,750.

The advance seasonally adjusted insured unemployment rate was 4.4 percent for the week ending Oct. 24, unchanged from the prior week’s unrevised rate of 4.4 percent.

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--Posted by crazynutjob The 405 Club

Previously:
So Much To Do, So Little Time!