Weekly jobless claims—a measurement of the number of people who filed for unemployment insurance for the first time—fell for the second straight week as the labor market remains resilient even after hurricanes Helene and Milton devastated the southeast.
The number of people filing for jobless benefits for the first time declined by 15,000 for the week ending Oct. 19, to 227,000, according to new data from the Department of Labor. Last week’s reading was adjusted slightly higher by 1,000, to 242,000.
