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Weekly initial unemployment claims decrease 1,000 to 428,000
In the week ending June 25, the advance figure for seasonally adjusted initial claims was 428,000, a decrease of 1,000 from the previous week's unrevised figure of 429,000. The 4-week moving average was 426,750, an increase of 500 from the previous week's unrevised average of 426,250.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending June 18, a decrease of 0.1 percentage point from the prior week's revised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending June 18 was 3,702,000, a decrease of 12,000 from the preceding week's revised level of 3,714,000. The 4-week moving average was 3,703,500, a decrease of 11,250 from the preceding week's revised average of 3,714,750.
Posted: June 30, 2011 Thursday 08:30 AM