The DOL reported:
In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 213,000 to 209,000. The 4-week moving average was 207,000, a decrease of 8,750 from the previous week’s revised average. The previous week’s average was revised down by 1,000 from 216,750 to 215,750.
emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 207,000.
The previous week was revised down.
Weekly claims were lower than the consensus forecast.