Jobless claims return to norm after one-week spike

Breakdown

• Initial jobless claims fell to 231,000, below expectations and the lowest since late August. 19s
• The previous week's claims were revised up to 264,000, attributed to a reporting issue in Texas. 33s
• Continuing claims dropped to 1.92 million, the lowest since May. 1m 3s
• The Philadelphia Fed business outlook index rose to 23.2, its best level since January. 1m 31s