US: Initial weekly jobless claims decreased by 5,000 to 210,000

"In the week ending October 13, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 5,000 from the previous week's revised level," the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

• The 4-week moving average was 211,750, an increase of 2,000 from the previous week's revised average. 
• The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 6, unchanged from the previous week's unrevised rate. 
• The advance number for seasonally adjusted insured unemployment during the week ending October 6 was 1,640,000, a decrease of 13,000 from the previous week's revised level. 
  •  This is the lowest level for insured unemployment since August 4, 1973 when it was 1,633,000.