Research >> Economics
Weekly initial unemployment claims was 478,000 down 20,000
In the week ending Oct. 4, the advance figure for seasonally adjusted initial claims was 478,000, a decrease of 20,000 from the previous week's revised figure of 498,000. It is estimated that the effects of Hurricane Gustav in Louisiana and the effects of Hurricane Ike in Texas added approximately 17,000 claims to the total. The 4-week moving average was 482,500, an increase of 8,250 from the previous week's revised average of 474,250.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending Sept. 27, unchanged from the prior week's unrevised rate of 2.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Sept. 27 was 3,659,000, an increase of 56,000 from the preceding week's revised level of 3,603,000. The 4-week moving average was 3,563,250, an increase of 31,750 from the preceding week's revised average of 3,531,500.
Posted: October 9, 2008 Thursday 08:35 AM