Unemployment Claims Slide - Cleveland 19 News Cleveland, OH

Unemployment Claims Slide

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations.

There were 512,000 initial job claims filed in the week ended Oct. 31, down 20,000 from a revised 532,000 the previous week, the Labor Department said in a weekly report.

A consensus estimate of economists surveyed by Briefing.com expected 522,000 new claims.

The government said 5,749,000 people filed continuing claims in the week ended Oct. 24, the most recent data available. That was down 68,000 from the preceding week's revised 5,817,000 claims.

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