Research >> Economics
Weekly Initial Unemployment Claims Decrease 4,000 to 259,000
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In the week ending September 3, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 4,000 from the previous week's unrevised level of 263,000. The 4-week moving average was 261,250, a decrease of 1,750 from the previous week's unrevised average of 263,000. There were no special factors impacting this week's initial claims. This marks 79 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 27, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 27 was 2,144,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised down by 8,000 from 2,159,000 to 2,151,000. The 4-week moving average was 2,153,750, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised down by 2,000 from 2,159,750 to 2,157,750.
Posted: September 8, 2016 Thursday 08:30 AM