Research >> Economics
Weekly Initial Unemployment Claims Decrease 3,000 to 258,000
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In the week ending October 22, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 260,000 to 261,000. The 4-week moving average was 253,000, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 251,750 to 252,000. There were no special factors impacting this week's initial claims. This marks 86 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 October 15, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 15 was 2,039,000, a decrease of 15,000 from the previous week's revised level. This is the lowest level for insured unemployment since June 24, 2000 when it was 2,033,000. The previous week's level was revised down by 3,000 from 2,057,000 to 2,054,000. The 4-week moving average was 2,051,250, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since July 1, 2000 when it was 2,036,500. The previous week's average was revised down by 750 from 2,058,250 to 2,057,500.
Posted: October 27, 2016 Thursday 08:30 AM