In the week ending October 17, the advance figure for seasonally adjusted initial claims was 259,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 255,000 to 256,000. The 4-week moving average was 263,250, a decrease of 2,000 from the previous week’s revised average. This is the lowest level for this average since December 15, 1973 when it was 256,750. The previous week’s average was revised up by 250 from 265,000 to 265,250.
There were no special factors impacting this week’s initial claims.