Source: Bloomberg
“Applications for US unemployment benefits fell last week to their lowest since May as southeastern states continued to recover from the impact of two severe storms. Initial claims decreased by 12,000 to 216,000 in the week ended Oct. 26. The median forecast in a Bloomberg survey of economists called for 230,000 applications. Continuing claims, a proxy for the number of people receiving benefits, fell to 1.86 million in the previous week, according to Labor Department data released Thursday.” (10/31/24)