Research >> Economics
Weekly Initial Unemployment Claims Increase 6,000 to 244,000
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In the week ending February 18, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 239,000 to 238,000. The 4-week moving average was 241,000, a decrease of 4,000 from the previous week's revised average. This is the lowest level for this average since July 21, 1973 when it was 239,500. The previous week's average was revised down by 250 from 245,250 to 245,000.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending February 11, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 11 was 2,060,000, a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 2,076,000 to 2,077,000. The 4-week moving average was 2,069,750, a decrease of 10,750 from the previous week's revised average. The previous week's average was revised up by 250 from 2,080,250 to 2,080,500.
Posted: February 23, 2017 Thursday 08:30 AM