In the week ending Oct. 23, 434,000 Americans filed claims for unemployment insurance coverage, according to the U.S. Department of Labor.
That’s a decrease of 21,000 from the previous week’s revised figure of 455,000. The 4-week moving average was 453,250, a decrease of 5,500 from the previous week.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 16, a decrease of 0.1 percentage point from the prior week.
