- First-time filings for jobless claims totaled 290,000 for the week ended Oct. 16.
- That was down 6,000 from the previous week and below the 300,000 Dow Jones estimate.
- Continuing claims also dropped to a new pandemic low, falling to 2.48 million.
Weekly jobless claims hit another pandemic-era low last week as the elimination of enhanced benefits sent fewer people to the unemployment line.
First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period, the Labor Department reported Thursday. This was the second week in a row that claims ran below 300,000.
Both drops, the lowest totals since March 14, 2020, come a month after most programs that provide enhanced or extended benefits related to the pandemic came to a close.
The total of those receiving benefits under all state and federal programs fell by 369,992 to 3.279 million, according to data through Oct. 2. A year ago, that total was nearly 23.8 million.
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