There were 6,000 fewer initial claims for unemployment last week than the previous week, with multiple media reports saying the labor market remains about as steady as it has been since the 1960s. There were 194,000 initial claims for unemployment insurance during the week ended Saturday (Oct. 17), a figure that was 6,000 lower than the previous week’s revised level. The previous week’s level was revised up by 1,000 to 200,000, the Department of Labor (DOL) said in a Thursday (Oct. 22) press release . The four-week moving average of 197,750 initial claims was 1,000 lower than the previous week’s revised average. The previous week’s average was revised up by 250 to 198,750.
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