Economic Buzz: US initial jobless claims down by 6,000 to 189,000

Initial jobless claims in the United States for the week ending October 31 stood at 189,000, down by 6,000 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 194,750, a decrease of 2,250 from the previous week's revised average.

The insured unemployment rate was 1.1% for the week ending October 24, unchanged from the prior week's unrevised rate. The number for insured unemployment was 1,718,000, up by 23,000 from the previous week. The 4-week moving average was 1,709,500, an increase of 1,000 from the previous week's revised average.

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