Research >> Economics
Weekly initial unemployment claims was 461,000 down 16,000.
In the week ending Oct. 11, the advance figure for seasonally adjusted initial claims was 461,000, a decrease of 16,000 from the previous week's revised figure of 477,000. It is estimated that the effects of Hurricane Ike in Texas added approximately 12,000 claims to the total. The 4-week moving average was 483,250, an increase of 750 from the previous week's unrevised average of 482,500.
The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending Oct. 4, an increase of 0.1 percentage point from the prior week's unrevised rate of 2.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 4 was 3,711,000, an increase of 40,000 from the preceding week's revised level of 3,671,000. The 4-week moving average was 3,632,000, an increase of 65,750 from the preceding week's revised average of 3,566,250.
Posted: October 16, 2008 Thursday 08:30 AM