US Initial Jobless Claims Decline to Pre-Hurricanes Levels.

The article from Bloomberg.com reports that US initial jobless claims have decreased to pre-hurricane levels, with new applications falling by 15,000 to 227,000 in the week ended Oct. 19. Continuing claims increased to nearly 1.9 million, the highest in almost three years. Economists suggest that the impact of Hurricanes Helene and Milton, as well as a strike at Boeing Co., may be influencing the data, making it difficult to discern underlying trends. The four-week moving average of new applications rose to 238,500, and initial claims fell in states affected by Hurricane Helene before seasonal adjustments. [Extracted from the article]