Initial unemployment claims fall to lowest level since March 1973 in most recent report

In the week ending October 14, initial unemployment claims were 222,000, a decrease of 22,000 from the previous week's revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The 4-week moving average was 248,250, a decrease of 9,500 from the previous week's revised average.

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