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Jobless claims drop
New weekly claims for unemployment benefits stay below benchmark 400,000.
October 16, 2003: 8:34 AM EDT

NEW YORK (CNN/Money) - Jobless claims fell in the United States last week, the government said Thursday, remaining below the 400,000 level that many economists believe is a benchmark for labor-market weakness.

The Labor Department said 384,000 people filed for benefits in the week ended Oct. 11, compared with a revised reading of 388,000 in the prior week.

Economists, on average, expected 385,000 new claims, according to Briefing.com.

The four-week moving average of new claims, which irons out the volatility of the weekly data, fell in the latest week to 390,750 from a revised 395,000 the prior week. The number is the lowest since Feb. 8, 2003.

Continued claims, the number of people out of work for a week or more, rose to 3.67 million for the week ended Oct. 4, the latest data available, from a revised 3.61 million the prior week.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.