US Labor Dept. jobless claims data
SPY•Initial jobless claims were 197,000 in the week ended Oct. 3, while the four-week average was 198,000. Continued claims were 1.716 million for the week ended Sept. 26, and the insured unemployment rate was 1.1%.
1. Claims and averages
Initial claims totaled 197,000 in the week ended Oct. 3, compared with economists’ forecast of 200,000. The four-week average was 198,000, down from a revised 200,500 for the week ended Sept. 26.
2. Continued claims
Continued claims were 1.716 million for the week ended Sept. 26, compared with a forecast of 1.708 million. The insured unemployment rate was 1.1%.
