Initial unemployment claims dip 5,000 in latest report; 4-week average lowest since April 1973

In the week ending October 28, initial unemployment claims were 229,000, a decrease of 5,000 from the previous week's revised level. The 4-week moving average was 232,500, a decrease of 7,250 from the previous week's revised average. This is the lowest level for this average since April 7, 1973 when it was 232,250.

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