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Weekly initial unemployment claims down 53,000 to 610,000
In the week ending April 11, the advance figure for seasonally adjusted initial claims was 610,000, a decrease of 53,000 from the previous week's revised figure of 663,000. The 4-week moving average was 651,000, a decrease of 8,500 from the previous week's revised average of 659,500.
The advance seasonally adjusted insured unemployment rate was 4.5 percent for the week ending April 4, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.4 percent.
The advance number for seasonally adjusted insured unemployment during the week ending April 4 was 6,022,000, an increase of 172,000 from the preceding week's revised level of 5,850,000. The 4-week moving average was 5,796,000, an increase of 146,000 from the preceding week's revised average of 5,650,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.781 million.
Posted: April 16, 2009 Thursday 08:30 AM