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Weekly initial unemployment claims increase 5,000 to 417,000
In the week ending August 20, the advance figure for seasonally adjusted initial claims was 417,000, an increase of 5,000 from the previous week's revised figure of 412,000. The 4-week moving average was 407,500, an increase of 4,000 from the previous week's revised average of 403,500.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending August 13, a 0.1 percentage point decrease from the prior week's revised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 3,641,000, a decrease of 80,000 from the preceding week's revised level of 3,721,250. The 4-week moving average was 3,701,000, a decrease of 19,500 from the preceding week's revised average of 3,720,750.
Posted: August 25, 2011 Thursday 08:30 AM