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Weekly initial unemployment claims increase 11,000 to 428,000
In the week ending September 10, the advance figure for seasonally adjusted initial claims was 428,000, an increase of 11,000 from the previous week's revised figure of 417,000. The 4-week moving average was 419,500, an increase of 4,000 from the previous week's revised average of 415,500.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending September 3, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending September 3 was 3,726,000, a decrease of 12,000 from the preceding week's revised level of 3,738,000. The 4-week moving average was 3,741,000, an increase of 1,250 from the preceding week's revised average of 3,739,750.
Posted: September 15, 2011 Thursday 08:30 AM