Research >> Economics
Weekly Initial Unemployment Claims Increase 2,000 to 211,000
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In the week ending April 28, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 2,000 from the previous week's unrevised level of 209,000. The 4-week moving average was 221,500, a decrease of 7,750 from the previous week's unrevised average of 229,250. This is the lowest level for this average since March 3, 1973 when it was 221,250. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 21, 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 April 21 was 1,756,000, a decrease of 77,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 8, 1973 when it was 1,717,000. The previous week's level was revised down by 4,000 from 1,837,000 to 1,833,000. The 4-week moving average was 1,833,250, a decrease of 15,500 from the previous week's revised average. This is the lowest level for this average since December 29, 1973 when it was 1,784,250. The previous week's average was revised down by 1,000 from 1,849,750 to 1,848,750.
Posted: May 3, 2018 Thursday 08:30 AM