Department of Labor Reports 751,000 Initial Unemployment Claims For The Week Ending October 31, 2020 - A Decrease Of 7,000 From The Previous Week's Revised Upward Level

Details: Last Updated: Thursday, 05 November 2020 05:38; Published: Thursday, 05 November 2020 05:38

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS - SEASONALLY ADJUSTED DATA

November 5, 2020 - In the week ending October 31, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 751,000 to 758,000. The 4-week moving average was 787,000, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 3,250 from 787,750 to 791,000.

The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending October 24, a decrease of 0.3 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 24 was 7,285,000, a decrease of 538,000 from the previous week's revised level. The previous week's level was revised up 67,000 from 7,756,000 to 7,823,000. The 4-week moving average was 8,244,500, a decrease of 827,250 from the previous week's revised average. The previous week's average was revised up by 18,500 from 9,053,250 to 9,071,750.

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Source: DOL

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