http://mam.econoday.com/byshoweventfull.asp?fid=460736&cust=mam&year=2014&lid=0&prev=/byweek.asp#top
![New jobless claims fall 10k to 278k. 4-week average falls to 279k - which is a new 14 year low. Once again, Clinton era numbers Showimage](http://mam.econoday.com/showimage.asp?imageid=27494)
Layoffs are down right now in the labor market as initial jobless claims fell 10,000 in the November 1 week to 278,000. The 4-week average is down 2,250 to 279,000. This is the seventh decline in eight weeks for the average and a new 14-year low.
Continuing claims, in data that lag by a week, are also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average is down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.
There are no special factors in today's report, a report that is certain to build confidence for strength in tomorrow's October employment report.