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Economic Data (USA)

Thursday, October 19, 2017

New Unemployment Insurance Claims for The Week of October 14, 2017

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on October 14, 2017:

Predicted: 240,000
Actual: 222,000 (lowest level in 44 years.)

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 244,000
  • 4-Week Moving Average: 248,250

From today's report:

"...This is the lowest level for initial claims since March 31, 1973...
...Claims taking procedures continue to be severely disrupted in Puerto Rico and the Virgin Islands as a result of power outages and infrastructure damage caused by Hurricanes Irma and Maria..."

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