Research >> Economics
Weekly initial unemployment claims decrease 21,000 to 434,000
In the week ending Oct. 23, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 21,000 from the previous week's revised figure of 455,000. The 4-week moving average was 453,250, a decrease of 5,500 from the previous week's revised average of 458,750.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 16, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 16 was 4,356,000, a decrease of 122,000 from the preceding week's revised level of 4,478,000. The 4-week moving average was 4,447,250, a decrease of 38,500 from the preceding week's revised average of 4,485,750.
Posted: October 28, 2010 Thursday 08:30 AM