US initial jobless claims dropped -10k to 281k in the week ending October 23, slightly better than expectation of 289k. That’s the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -21k to 299k, lowest since March 14, 2020 too.
Continuing claims dropped -237k to 2243k in the week ending October 16, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -142k to 2513k, lowest since March 21, 2020.
