HomeLive CommentsUS initial jobless claims dropped to 214k, 4-week average at lowest since...

US initial jobless claims dropped to 214k, 4-week average at lowest since 1973

US initial jobless claims dropped -2k to 214k in the week ended October 27, slightly above expectation of 213k. Four-week moving average of initial claims rose 1.75k to 213.75k. Continuing claims dropped -7k to 1.631m in the week ended October 20, lowest since July 28, 1973. Four-week moving average of continuing claims dropped -6.25k to 1.62725m, lowest since August 11, 1973.

Also from the US, non-farm productivity rose 2.2% in Q3, unit labor costs rose 1.2%.

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