Initial jobless claims fell 2.4% last week to 445,000, which is the lowest level in a few months and lower than most analysts’ estimates. The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Oct. 2 decreased by 11,000 from the previous week’s upwardly revised figure of 456,000. Analysts surveyed by Econoday were projecting claims to fall to 450,000 with a ranges of estimates between 445,000 to 460,000. A Briefing.com survey expected last week’s figure to come in at 450,000. And economists polled by MarketWatch put the number at 455,000. The four-week moving average fell for a fifth-consecutive week to 455,750 claims, down from the prior week’s revised average of 458,750, according to the Labor Department data. The seasonally adjusted insured unemployment rate was once again 3.5%, down slightly from a revised 3.6%. As the Labor Department prepares to issue non-farm payroll figures for September on Friday, two reports issued earlier this week showed overall employment figures continued to fall last month. TrimTabs Investment Research said the U.S. workforce shrunk for the fourth-straight month in September, losing another 65,000 jobs. And Automatic Data Processing reported the private sector shed 39,000 jobs last month. Write to Jason Philyaw.
Jason Philyaw was a reporter with HousingWire through mid-2012.see full bio
Most Popular Articles
HUD tests a new Operation Breakthrough for today’s housing crisis
“Gallia est omnis divisa in partes tres.” All Gaul is divided into three parts. Julius Caesar used those words more than 2,000 years ago to begin an account of military conquest. America’s housing affordability challenge might be described similarly. Like Gaul of yore, it divides into three parts: talk, action, and outcomes. Identifying the three […]
Jun 23, 2026
-
Why we can’t get more housing construction in the US
Jun 24, 2026 -
Fannie Mae to expand title pilot program, Pulte says
Jun 24, 2026 -
Housing demand holds steady as regional inventory trends reshape the market
Jun 25, 2026 -
Young buyers are priced out in most U.S. metros, Pew data shows
Jun 25, 2026 -
Mortgage performance steady in May as calendar drives delinquency bump
Jun 26, 2026
Latest Articles
Midwestern markets emerge as hotspots for rental momentum
A new report from Cavan Companies adds to a growing body of research identifying the Midwest as a leading region for rental housing returns and rent growth.
-
CFPB, facing staffing constraints, moves to expand mortgage credit box
-
Tavant debuts agentic AI platform for software engineering, automation
-
Stockholders approve QXO’s $17 billion TopBuild acquisition
-
Taylor Morrison deal details show limits in builder M&A appetite
-
Luxury buyers shift as AI wealth rises, says The Agency
Jason Philyaw was a reporter with HousingWire through mid-2012.see full bio