US initial jobless claims dropped -14k to 269k in the week ending October 30, better than expectation of 277k. That’s the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -15k to 285k, lowest since March 14, 2020 too.
Continuing claims dropped -134k to 2105k in the week ending October 23, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -156k to 2357k, lowest since March 21, 2020.
