First-Time Jobless Claims Drop By 9,000

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WASHINGTON, Nov. 3 (UPI) — First-time jobless benefit claims declined by 9,000 in the week ending Saturday with 397,000 claims filed, the U.S. Labor Department said Thursday.

It was the fourth consecutive week initial claims have dropped. Initial claims have fallen by 18,000 in the past month.

The four-week rolling average for claims filed as of Saturday was 404,500, down 2,000 from the previous revised average, the department said.

The Labor Department is scheduled to release October’s unemployment rate on Friday. In September, the unemployment rate was 9.1 percent, unchanged from July and August.

In the week ending Oct. 15, Puerto Rico had the largest increase in first-time jobless claims with 1,286.

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