Initial Jobless Claims Declined by 40,000 in Fourth Week of Oct.

Washington, DC, October 29, 2020-In the week ending October 24, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 40,000 from the previous week’s revised level, according to the Department of Labor. 

The previous week’s level was revised up by 4,000 from 787,000 to 791,000. The 4-week moving average was 787,750, a decrease of 24,500 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 811,250 to 812,250.