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Weekly initial unemployment claims decrease 1,000 to 404,000
In the week ending October 8, the advance figure for seasonally adjusted initial claims was 404,000, a decrease of 1,000 from the previous week's revised figure of 405,000. The 4-week moving average was 408,000, a decrease of 7,000 from the previous week's revised average of 415,000.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending October 1, 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 October 1 was 3,670,000, a decrease of 55,000 from the preceding week's revised level of 3,725,000. The 4-week moving average was 3,724,000, a decrease of 21,250 from the preceding week's revised average of 3,745,250.
Posted: October 13, 2011 Thursday 08:30 AM