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Initial US jobless claims fell by 6,000 to 189,000 in the final week of October, down from a revised 195,000 the previous week. Economists had expected 196,000 claims.
The figure matched the near 57-year low recorded in mid-July. Initial claims measure new applications for unemployment benefits and are a closely watched indicator of labor market conditions.
Source: [United States Initial Jobless Claims](https://tradingeconomics.com/united-states/jobless-claims)
Frequently asked questions
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How far did initial jobless claims fall?
Claims fell by 6,000 to 189,000 from a revised 195,000 in the previous week.
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How did the claims figure compare with expectations?
The 189,000 reading was 7,000 below the market expectation of 196,000.
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When was the previous comparable low recorded?
The reading matched the near 57-year low recorded in mid-July.
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What period does the latest claims reading cover?
The figure covers the final week of October.
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What do initial jobless claims measure?
Initial claims measure new applications for unemployment benefits and are a closely watched indicator of labor market conditions.
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