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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

US weekly jobless claims total 246,000 vs 254,000 estimate

The number of Americans filing for unemployment benefits held at a 43-year low last week, pointing to sustained labor market strength that could pave the way for the Federal Reserve to raise interest rates in December.

Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 246,000 for the week ended Oct. 8, the lowest reading since November 1973, the Labor Department said on Thursday.

Claims for the prior week were revised to show 3,000 fewer applications received than previously reported.

It was the 84th consecutive week that claims remained below the 300,000 threshold, which is associated with robust labor market conditions...


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