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Weekly initial unemployment claims decrease 5,000 to 382,000
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week's revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week's revised average of 386,750.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending March 12, unchanged from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending March 12 was 3,721,000, a decrease of 2,000 from the preceding week's revised level of 3,723,000. The 4-week moving average was 3,755,250, a decrease of 28,000 from the preceding week's revised average of 3,783,250.
Posted: March 24, 2011 Thursday 08:30 AM