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Weekly initial unemployment claims decrease 5,000 to 348,000
In the week ending March 17, the advance figure for seasonally adjusted initial claims was 348,000, a decrease of 5,000 from the previous week's revised figure of 353,000. The 4-week moving average was 355,000, a decrease of 1,250 from the previous week's revised average of 356,250.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 10, a decrease of 0.1 percentage point from the prior week's revised rate of 2.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending March 10 was 3,352,000, a decrease of 9,000 from the preceding week's revised level of 3,361,000. The 4-week moving average was 3,385,750, a decrease of 13,000 from the preceding week's revised average of 3,398,750.
Posted: March 22, 2012 Thursday 08:30 AM