Initial jobless claims 199,000 in week ended Oct. 10, near multi-decade lows

Initial US unemployment claims were 199,000 in the week ended October 10 on a seasonally adjusted basis, little changed from 198,000 the week before. Claims have stayed around 200,000 for several weeks, pointing to a labour market with few layoffs even as inflation runs hot.

• Initial claims 199,000 (prior week: 198,000)
• Unadjusted claims 190,626, up 19,456 on the week
• Claims have held near 200,000 for weeks