Initial jobless claims rise last week

(Nov. 5, 2015) -- The four-week moving average of initial claims, which attempts to smooth out some of the weekly volatility in the measure, rose to 262,750 from 259,250 in the previous week, which was the lowest since 1973. Continuing claims for the week ending Oct. 24 rose by 17,000 to 2,163,000 after falling to a 15-year low in the previous week, said Nye.