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US JOBLESS CLAIMS -6K TO 189K IN OCT-31 WK; SURVEY 197K
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US initial jobless claims fell by 6,000 to 189,000 for the week ended Oct. 31, below the 197,000 survey estimate, while continuing claims for the Oct. 24 week rose 23,000 to 1,718,000. The prior week's initial claims figure was revised to 195,000. The lower-than-expected initial reading suggests layoffs remain subdued, though the increase in continuing claims indicates some displaced workers are taking longer to find new jobs. Markets will watch whether the divergence persists in next week's release and how it feeds into broader labor market data ahead of the next Federal Reserve meeting.
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US Department of Labor, Walter Bloomberg