Economic Buzz: US initial jobless claims down by 1,000 to 194,000

Initial jobless claims in the United States for the week ending October 24 stood at 194,000, down by 1,000 from the previous week's revised total, according to the latest report by the Department of Labor published on Thursday. The 4-week moving average was 196,750, a decrease of 1,250 from the previous week's revised average.

The insured unemployment rate was 1.1% for the week ending October 17, unchanged from the prior week's unrevised rate. The number for insured unemployment was 1,701,000, down by 21,000 from the previous week. The 4-week moving average was 1,710,000, an increase of 500 from the previous week's revised average.

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