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Weekly initial unemployment claims up 30,000 to 586,000
In the week ending Dec. 20, the advance figure for seasonally adjusted initial claims was 586,000, an increase of 30,000 from the previous week's revised figure of 556,000. The 4-week moving average was 558,000, an increase of 13,750 from the previous week's revised average of 544,250.
The advance seasonally adjusted insured unemployment rate was 3.3 percent for the week ending Dec. 13, unchanged from the prior week's unrevised rate of 3.3 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Dec. 13 was 4,370,000, a decrease of 17,000 from the preceding week's revised level of 4,387,000. The 4-week moving average was 4,319,750, an increase of 93,000 from the preceding week's revised average of 4,226,750.
Posted: December 24, 2008 Wednesday 08:03 AM