Unemployment rolls shrink to 44-year low, jobless claims show

• October 12, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Initial weekly jobless claims fell by 15,000 to 243,000 in early October to mark the lowest level in six weeks. Economists polled had forecast claims to total 250,000.

The more stable monthly average of new claims dropped by 9,500 to 257,500 in the week ended Oct. 7.

The number of people already collecting unemployment benefits, known as continuing claims, fell by 32,000 to 1.89 million. That’s the lowest since the end of 1973.