Research >> Economics
Weekly Initial Unemployment Claims Decrease 4,000 to 232,000
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In the week ending May 13, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 4,000 from the previous week's unrevised level of 236,000. The 4-week moving average was 240,750, a decrease of 2,750 from the previous week's unrevised average of 243,500.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 6, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 6 was 1,898,000, a decrease of 22,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 5, 1988 when it was 1,898,000. The previous week's level was revised up 2,000 from 1,918,000 to 1,920,000. The 4-week moving average was 1,946,000, a decrease of 20,000 from the previous week's revised average. This is the lowest level for this average since January 19, 1974 when it was 1,920,750. The previous week's average was revised up by 500 from 1,965,500 to 1,966,000.
Posted: May 18, 2017 Thursday 08:30 AM