Vision Payroll

According to the US Department of Labor, in the week ending October 10, the advance figure for seasonally adjusted initial claims was 514,000, a decrease of 10,000 from the previous week’s revised figure of 524,000. The 4-week moving average was 531,500, a decrease of 9,000 from the previous week’s revised average of 540,500.

The advance seasonally adjusted insured unemployment rate was 4.5% for the week ending October 3, a decrease of 0.1 percentage points from the prior week’s revised rate of 4.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending October 3 was 5,992,000, a decrease of 75,000 from the preceding week’s revised level of 6,067,000. The 4-week moving average was 6,082,750, a decrease of 68,250 from the preceding week’s revised average of 6,151,000.