U.S. states posted a much larger-than-expected drop in initial unemployment claims last week, bringing the number of those newly unemployed back toward their pre-virus pace.
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 9: 293,000 vs. 320,000 expected and a revised 329,000 during prior week
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Continuing claims, week ended…
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