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Weekly initial unemployment claims decrease 5,000 to 359,000
In the week ending March 24, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 5,000 from the previous week's revised figure of 364,000. The 4-week moving average was 365,000, a decrease of 3,500 from the previous week's revised average of 368,500.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 17, 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 17 was 3,340,000, a decrease of 41,000 from the preceding week's revised level of 3,381,000. The 4-week moving average was 3,387,750, a decrease of 21,750 from the preceding week's revised average of 3,409,500.
Posted: March 29, 2012 Thursday 08:30 AM