Research >> Economics
Weekly Initial Unemployment Claims Decrease 6,000 to 247,000
|
In the week ending April 16, the advance figure for seasonally adjusted initial claims was 247,000, a decrease of 6,000 from the previous week's unrevised level of 253,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 260,500, a decrease of 4,500 from the previous week's unrevised average of 265,000. There were no special factors impacting this week's initial claims. This marks 59 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 9, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 9 was 2,137,000, a decrease of 39,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week's level was revised up 5,000 from 2,171,000 to 2,176,000. The 4-week moving average was 2,168,500, a decrease of 10,750 from the previous week's revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week's average was revised up by 1,250 from 2,178,000 to 2,179,250.
Posted: April 21, 2016 Thursday 08:30 AM