Thumbs Up: DOL Reports drop in new unemployment claims of 21,000, and # of unemployed down 5,500.

In the week ending Oct. 23, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 21,000 from the previous week's revised figure of 455,000. The 4-week moving average was 453,250, a decrease of 5,500 from the previous week's revised average of 458,750.

Read the full news release.