Research >> Economics
Weekly Initial Unemployment Claims Decrease 19,000 to 223,000
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In the week ending February 25, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 19,000 from the previous week's revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The previous week's level was revised down by 2,000 from 244,000 to 242,000. The 4-week moving average was 234,250, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since April 14, 1973 when it was 232,750. The previous week's average was revised down by 500 from 241,000 to 240,500.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending February 18, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 18 was 2,066,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,060,000 to 2,063,000. The 4-week moving average was 2,071,250, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,069,750 to 2,070,500.
Posted: March 2, 2017 Thursday 08:30 AM