US Initial Jobless Claims Lower Than Expected

According to Odaily, the number of initial jobless claims in the United States for the week ending October 12 was 241,000, which is lower than the expected 260,000. The previous week's figure was revised from 258,000 to 260,000. The four-week moving average of initial jobless claims for the same period was 236,250, up from the previously revised 231,500, which was initially reported as 231,000. Additionally, the number of continuing jobless claims for the week ending October 12 was 1.867 million, slightly higher than the expected 1.865 million. The previous week's figure was revised from 1.861 million to 1.858 million.