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%.
