Research >> Economics
Weekly Initial Unemployment Claims Unchanged at 254,000
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In the week ending July 9, the advance figure for seasonally adjusted initial claims was 254,000, unchanged from the previous week's unrevised level of 254,000. The 4-week moving average was 259,000, a decrease of 5,750 from the previous week's unrevised average of 264,750. There were no special factors impacting this week's initial claims. This marks 71 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 July 2, an increase of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 1.6 to 1.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending July 2 was 2,149,000, an increase of 32,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 2,124,000 to 2,117,000. The 4-week moving average was 2,143,000, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised down by 2,000 from 2,148,250 to 2,146,250.
Posted: July 14, 2016 Thursday 08:30 AM