Research >> Economics
Weekly Initial Unemployment Claims Decrease 30,000 to 233,000
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In the week ending December 31, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 28,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 265,000 to 263,000. The 4-week moving average was 256,750, a decrease of 5,750 from the previous week's revised average. The previous week's average was revised down by 500 from 263,000 to 262,500. There were no special factors impacting this week's initial claims. This marks 96 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 24 was 2,112,000, an increase of 16,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 2,102,000 to 2,096,000. The 4-week moving average was 2,067,000, an increase of 26,250 from the previous week's revised average. The previous week's average was revised down by 1,500 from 2,042,250 to 2,040,750.
Posted: January 5, 2017 Thursday 08:30 AM