Unemployment Claims Edge Up Slightly But Job Market Remains Resilient

Unemployment claims rose slightly to 217,000 last week but remain low historically.

The 4-week moving average of claims ticked up to 210,000.

1.82 million people were collecting unemployment benefits as of Oct 21, up 35,000.

The job market continues to show resilience amid Fed interest rate hikes to curb inflation.

U.S. added 336,000 jobs in Sept and 266,000 on average over past 3 months, though unemployment rose to 3.8%.