ECON: Jobless Claims in Line with Forecast
- Claims 340k vs 339 forecast, last week unrevised at 350k
- Continued Claims 2.881 mln vs 2.870 mln forecast
- Market Reaction: MBS and Treasuries at best levels of the morning--not much changed after Claims data, but a few ticks improved if anything.
In the week ending October 26, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 10,000 from the previous week's unrevised figure of 350,000. The 4-week moving average was 356,250, an increase of 8,000 from the previous week's unrevised average of 348,250.
The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending October 19, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 19 was 2,881,000, an increase of 31,000 from the preceding week's revised level of 2,850,000. The 4-week moving average was 2,878,750, a decrease of 10,000 from the preceding week's revised average of 2,888,750.