Research >> Economics
Weekly Initial Unemployment Claims Increase 3,000 to 287,000
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In the week ending October 25, the advance figure for seasonally adjusted initial claims was 287,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 283,000 to 284,000. The 4-week moving average was 281,000, a decrease of 250 from the previous week's revised average. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending October 18, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 18 was 2,384,000, an increase of 29,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,351,000 to 2,355,000. The 4-week moving average was 2,377,500, a decrease of 4,500 from the previous week's revised average. This is the lowest level for this average since January 13, 2001 when it was 2,360,500. The previous week's average was revised up by 1,000 from 2,381,000 to 2,382,000.
Posted: October 30, 2014 Thursday 08:30 AM