Research >> Economics
Weekly Initial Unemployment Claims Decrease 26,000 to 319,000
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In the week ending May 3, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 344,000 to 345,000. The 4-week moving average was 324,750, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 320,000 to 320,250. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending April 26, a decrease of 0.1 percentage point from the previous week's unrevised rate of 2.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending April 26 was 2,685,000, a decrease of 76,000 from the previous week's revised level. The previous week's level was revised down by 10,000 from 2,771,000 to 2,761,000. The 4-week moving average was 2,715,250, a decrease of 16,250 from the previous week's revised average. This is the lowest level for this average since December 22, 2007 when it was 2,700,000. The previous week's average was revised down by 2,500 from 2,734,000 to 2,731,500.
Posted: May 8, 2014 Thursday 08:30 AM