Research >> Economics
Weekly Initial Unemployment Claims Increase 3,000 to 254,000
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In the week ending September 24, the advance figure for seasonally adjusted initial claims was 254,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 252,000 to 251,000. The 4-week moving average was 256,000, a decrease of 2,250 from the previous week's revised average. The previous week's average was revised down by 250 from 258,500 to 258,250. There were no special factors impacting this week's initial claims. This marks 82 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending September 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 17 was 2,062,000, a decrease of 46,000 from the previous week's revised level. This is the lowest level for insured unemployment since July 1, 2000 when it was 2,052,000. The previous week's level was revised down by 5,000 from 2,113,000 to 2,108,000. The 4-week moving average was 2,115,250, a decrease of 23,750 from the previous week's revised average. This is the lowest level for this average since November 4, 2000 when it was 2,110,500. The previous week's average was revised down by 1,250 from 2,140,250 to 2,139,000.
Posted: September 29, 2016 Thursday 08:30 AM