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US weekly jobless claims slip

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US weekly jobless claims slip

Initial jobless claims were down by 15,000 to a seasonally adjusted 243,000 for the week ended Oct. 7, down from the previous week's revised level of 258,000, data from the U.S. Department of Labor showed. The previous week's figure was revised down by 2,000.

Hurricanes Harvey, Irma and Maria impacted the claims for the week ended Oct. 7, the department said.

The four-week moving average slipped to 257,500 from the previous week's revised average of 267,000, which was revised down by 1,250.

The advance seasonally adjusted insured unemployment rate dropped 0.1 percentage point to 1.3% for the week that ended Sept. 30. The advance number for insured unemployment edged down to the lowest figure since Dec. 29, 1973, of 1,889,000, from the previous week's revised 1,921,000 figure.