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Key takeaways
- The Labor Department said workers filed 232,000 unemployment claims in the week ending October 18.
- The number was unusual because we weren’t supposed to see it: The ministry said the release, the first after the government shutdown ended, was a mistake.
In a week in late October, 232,000 people filed for unemployment, up slightly from 219,000 in late September, and a remarkable number for the simple fact that we know what it is.
That’s according to the Labor Department, which released the unemployment claims number for the week of Oct. 18 on a website that tracks historical data on Tuesday. This was the first new data published on unemployment claims since the end of the 43-day government shutdown last week.
Released at an unusual time: The administration typically releases this information on Thursdays. The ministry said Tuesday’s release was a mistake Bloomberg.
What does this mean for the economy
The unemployment claims number highlights economic trends that were obscured during last month’s government shutdown.
The number of unemployment claims was in line with recent months and did not raise any red flags for economists about the health of the labor market.
Forecasters expect a separate, long-awaited employment report Thursday from the Bureau of Labor Statistics to show that the economy added a modest number of jobs in September. Job growth has slowed significantly since the summer due to uncertainty over tariffs and President Donald Trump’s crackdown on immigration, among other factors.
“The overall picture is that the labor market is deteriorating but not sliding into recession,” Dean Baker, chief economist at the Center for Economic and Policy Research, wrote in a commentary.
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