Research >> Economics
Weekly Initial Unemployment Claims Decrease 27,000 to 300,000
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In the week ending May 24, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 27,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 326,000 to 327,000. The 4-week moving average was 311,500, a decrease of 11,250 from the previous week's revised average. This is the lowest level for this average since August 11, 2007 when it was 311,250. The previous week's average was revised up by 250 from 322,500 to 322,750. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 17 was 2,631,000, a decrease of 17,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 17, 2007 when it was 2,609,000. The previous week's level was revised down by 5,000 from 2,653,000 to 2,648,000. The 4-week moving average was 2,655,250, a decrease of 32,500 from the previous week's revised average. This is the lowest level for this average since December 8, 2007 when it was 2,638,500. The previous week's average was revised down by 1,250 from 2,689,000 to 2,687,750.
Posted: May 29, 2014 Thursday 08:30 AM