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Weekly initial unemployment claims increase 9,000 to 408,000
In the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week's revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,00.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending August 6, unchanged from the prior week's unrevised rate of 2.9 percent.
The advance number for seasonally adjusted insured unemployment during the week ending August 6 was 3,702,000, an increase of 7,000 from the preceding week's revised level of 3,695,000. The 4-week moving average was 3,716,000, a decrease of 4,500 from the preceding week's revised average of 3,720,500.
Posted: August 18, 2011 Thursday 08:30 AM