U.S. states posted a bigger-than-expected drop in new jobless claims last week as impacts related to Hurricane Ida and the Delta variant’s summer spike receded.
The Labor Department released its weekly 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 2: 326,000 vs. 348,000 expected and an upwardly revised 364,000 during prior week
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Continuing claims, week…
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