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Weekly initial unemployment claims decrease 10,000 to 390,000
In the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week's revised figure of 400,000. The 4-week moving average was 400,000, a decrease of 5,250 from the previous week's revised average of 405,250.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending October 29, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending October 29 was 3,615,000, a decrease of 92,000 from the preceding week's revised level of 3,707,000. The 4-week moving average was 3,690,250, a decrease of 19,500 from the preceding week's revised average of 3,709,750.
Posted: November 10, 2011 Thursday 08:30 AM