Research >> Economics
Weekly Initial Unemployment Claims Decrease 1,000 to 254,000
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In the week ending July 16, the advance figure for seasonally adjusted initial claims was 253,000, a decrease of 1,000 from the previous week's unrevised level of 254,000. The 4-week moving average was 257,750, a decrease of 1,250 from the previous week's unrevised average of 259,000. There were no special factors impacting this week's initial claims. This marks 72 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending July 9, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 9 was 2,128,000, a decrease of 25,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,149,000 to 2,153,000. The 4-week moving average was 2,141,250, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,143,000 to 2,144,000.
Posted: July 21, 2016 Thursday 08:30 AM