Research >> Economics
Weekly initial unemployment claims decrease 16,000 to 385,000
In the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week's revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week's revised average of 393,250.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending March 5, unchanged from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending March 5 was 3,706,000, a decrease of 80,000 from the preceding week's revised level of 3,786,000. The 4-week moving average was 3,779,000, a decrease of 58,000 from the preceding week's revised average of 3,837,000.
Posted: March 17, 2011 Thursday 08:30 AM