Research >> Economics
Weekly initial unemployment claims down 8,000 to 623,000
In the week ending Feb. 7, the advance figure for seasonally adjusted initial claims was 623,000, a decrease of 8,000 from the previous week's revised figure of 631,000. The 4-week moving average was 607,500, an increase of 24,000 from the previous week's revised average of 583,500.
The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending Jan. 31, unchanged from the prior week's unrevised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 31 was 4,810,000, an increase of 11,000 from the preceding week's revised level of 4,799,000. The 4-week moving average was 4,745,250, an increase of 73,750 from the preceding week's revised average of 4,671,500.
Posted: February 12, 2009 Thursday 08:30 AM