Research >> Economics
Weekly Initial Unemployment Claims Decrease 10,000 to 210,000
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In the week ending February 24, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 10,000 from the previous week's revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The previous week's level was revised down by 2,000 from 222,000 to 220,000. The 4-week moving average was 220,500, a decrease of 5,000 from the previous week's revised average. This is the lowest level for this average since December 27, 1969 when it was 219,750. The previous week's average was revised down by 500 from 226,000 to 225,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending February 17, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 17 was 1,931,000, an increase of 57,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,875,000 to 1,874,000. The 4-week moving average was 1,920,000, a decrease of 6,250 from the previous week's revised average. The previous week's average was revised down by 250 from 1,926,500 to 1,926,250.
Posted: March 1, 2018 Thursday 08:30 AM