Research >> Economics
Weekly Initial Unemployment Claims Increase 3,000 to 229,000
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In the week ending March 17, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 3,000 from the previous week's unrevised level of 226,000. The 4-week moving average was 223,750, an increase of 2,250 from the previous week's unrevised average of 221,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 10 was 1,828,000, a decrease of 57,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 6,000 from 1,879,000 to 1,885,000. The 4-week moving average was 1,880,500, a decrease of 11,750 from the previous week's revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week's average was revised up by 1,500 from 1,890,750 to 1,892,250.
Posted: March 22, 2018 Thursday 08:30 AM