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... The first-time benefit applications for the week ending Oct. 26 were 12,000 fewer than the revised total of 228,000 from the week before. The filing is a figure watched by the Federal Reserve as a snapshot of the country's workforce stability.

The 216,000 initial claims for unemployment insurance were the lowest since the week ending May 18 when 216,000 also applied for benefits for the first time. On Oct. 5, 260,000 made unemployment claims initially, marking the highest total of 2024.

The four-week moving average for first-time applicants was 236,500, a drop of 2,250 from the previous week's revised average of 238,750. ...