WASHINGTON — Initial jobless claims fell 9,000 to 397,000 on a seasonally adjusted basis for the week ending Oct. 29, the Labor Department reported Thursday. Continuing claims fell to 3.683 million for the week ending Oct. 22.
Economists polled by Thomson Reuters expected 400,000 initial claims and 3.680 million continuing claims.
Initial claims for the week ending Oct. 22 were revised to 406,000. Continuing claims for the week ending Oct. 15 were revised to 3.698 million.