Research >> Economics
Weekly initial unemployment claims decrease 16,000 to 414,000
In the week ending June 11, the advance figure for seasonally adjusted initial claims was 414,000, a decrease of 16,000 from the previous week's revised figure of 430,000. The 4-week moving average was 424,750, unchanged from the previous week's revised average of 424,750.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending June 4, unchanged from the prior week's unrevised rate of 2.9 percent.
The advance number for seasonally adjusted insured unemployment during the week ending June 4 was 3,675,000, a decrease of 21,000 from the preceding week's revised level of 3,696,000. The 4-week moving average was 3,709,000, a decrease of 15,250 from the preceding week's revised average of 3,724,250.
Posted: June 16, 2011 Thursday 08:30 AM