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October 17, 2016

This Week’s Top Economic Data Points: Fewer Jobs Open In The United States

  • The number of individuals who filed for federal unemployment benefits was unchanged at 246,000 between Oct. 1 and Oct. 8. The four-week moving average of first-time claims fell, however, and was at its lowest level since November 1973. The number of individuals who continued to file for benefits fell to 2.046 million for the week that ended Oct. 1 from 2.033 million the week before. That figure was at its lowest level since June 2000. The four-week moving average of continued claims also declined.
  • The Labor Department also announced last week that there were 5.4 million jobs open in the United States in August.
  • In other economic news: The U.S. Producer Price Index for final demand increased 0.3 percent from August to September and was up 0.7 percent between September 2015 and September 2016; U.S. import prices increased 0.1 percent in September while export prices rose 0.3 percent; and the National Federal of Independent Business’s small business optimism index fell 0.3 percent in October since fewer small business owners plan to make capital outlays and increase inventories.