The Department of Labor revised initial claims for the week ending October 3 to 198,000 from the previously reported 197,000. Continuing claims for that same week fell 4,000 to 1.71 million, compared to a 1.709 million estimate and 1.714 million in the prior period. Market analyst Kevin Gordon noted that these stable numbers continue to support the case for the Federal Reserve to increase interest rates.
Wednesday, October 21, 2026
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US Continuing Jobless Claims Drop to 1.71M for October 3 Week
US Markets6 days ago
New unemployment filings in California rose by 4,300, the largest increase among US states in the latest weekly data, followed by Illinois and New Jersey with gains of 1,100 and 900 claims respectively. Initial jobless claims for the week ending October 10 totaled 199,000, falling below the 200,000 survey estimate, while the largest decreases in filings occurred in Hawaii, Michigan, and Iowa.
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