WASHINGTON — Initial jobless claims rose 6,000 to 401,000 on a seasonally adjusted basis for the week ending Oct. 1, the Labor Department reported Thursday.
Continuing claims fell to 3.700 million for the week ending Sept. 24, their lowest level since July 30.
Economists expected 410,000 initial claims and 3.720 million continuing claims.
Initial claims for the week ending Sept. 24 were revised to 395,000. Continuing claims for the week ending Sept. 17 were revised to 3.752 million.
The four-week moving average for initial claims was 414,000 and was revised to 418,000 for the previous week. The four-week moving average for continuing claims was 3.739 million, down from the preceding week’s revised 3.749 million.
