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Economy in Brief

Initial Unemployment Insurance Claims At Two Month Low
by Tom Moeller November 3, 2005

Initial claims for unemployment insurance fell 8,000 to 323,000 last week versus a little revised 26,000 decline during the prior period. Consensus expectations had been for 330,000 claims. The decline lowered the level of claims to the lowest since late August.

The four-week moving average of initial claims fell to 350,500 (+3.5% y/y).

Continuing claims for unemployment insurance fell 44,000 following a downwardly revised 5,000 increase during the prior week.

The insured rate of unemployment remained at 2.2% where it has been during the last six weeks.

Unemployment Insurance (000s) 10/29/05 10/22/05 Y/Y 2004 2003 2002
Initial Claims 323 331 -3.6% 343 402 404
Continuing Claims -- 2,823 1.2% 2,926 3,531 3,570
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