Research >> Economics
Weekly Initial Unemployment Claims Decrease 13,000 to 253,000
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In the week ending April 9, the advance figure for seasonally adjusted initial claims was 253,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 267,000 to 266,000. The 4-week moving average was 265,000, a decrease of 1,500 from the previous week's revised average. The previous week's average was revised down by 250 from 266,750 to 266,500. There were no special factors impacting this week's initial claims. This marks 58 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 2, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 2 was 2,171,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 2,191,000 to 2,189,000. The 4-week moving average was 2,178,000, a decrease of 10,250 from the previous week's revised average. This is the lowest level for this average since November 18, 2000 when it was 2,169,000. The previous week's average was revised down by 500 from 2,188,750 to 2,188,250.
Posted: April 14, 2016 Thursday 08:30 AM