US initial jobless claims jumped sharply by 33k to 258k in the week ending October 5, well above expectation of 231k. That’s also the highest level since mid-2023. Four-week moving average of initial claims rose 7k to 231k.
Continuing claims rose 42k to 1861k in the week ending September 28. Four-week moving average of continuing claims rose 4.5k to 1832k.
