Research >> Economics
Weekly Initial Unemployment Claims Increase 18,000 to 251,000
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In the week ending November 19, the advance figure for seasonally adjusted initial claims was 251,000, an increase of 18,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 235,000 to 233,000. The 4-week moving average was 251,000, a decrease of 2,000 from the previous week's revised average. The previous week's average was revised down by 500 from 253,500 to 253,000. There were no special factors impacting this week's initial claims. This marks 90 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending November 12, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 2,043,000, an increase of 60,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 1,977,000 to 1,983,000. The 4-week moving average was 2,024,750, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 1,500 from 2,022,500 to 2,024,000.
Posted: November 23, 2016 Wednesday 08:30 AM