New weekly jobless claims held below 300,000 for a back-to-back week as labor market conditions trudged back toward pre-pandemic levels.
The Labor Department released its jobless claims report Thursday morning. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
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Initial unemployment claims, week ended October 16: 290,000 vs. 297,000 expected and a revised 296,000 during prior week
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Continuing claims, week ended October 9: 2.481…
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