Research >> Economics
Weekly initial unemployment claims drop 33,000 to 522,000
In the week ending Oct. 3, the advance figure for seasonally adjusted initial claims was 521,000, a decrease of 33,000 from the previous week's revised figure of 554,000. The 4-week moving average was 539,750, a decrease of 9,000 from the previous week's revised average of 548,750.
The advance seasonally adjusted insured unemployment rate was 4.5 percent for the week ending Sept. 26, a decrease of 0.1 percentage point from the prior week's unrevised rate of 4.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Sept. 26 was 6,040,000, a decrease of 72,000 from the preceding week's revised level of 6,112,000. The 4-week moving average was 6,144,250, a decrease of 15,750 from the preceding week's revised average of 6,160,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.677 million.
Posted: October 8, 2009 Thursday 08:30 AM