Research >> Economics
Weekly Initial Unemployment Claims Increase 7,000 to 265,000
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In the week ending March 12, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 259,000 to 258,000. The 4-week moving average was 268,000, an increase of 750 from the previous week's revised average. The previous week's average was revised down by 250 from 267,500 to 267,250. There were no special factors impacting this week's initial claims. This marks 54 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending March 5, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 5 was 2,235,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 2,225,000 to 2,227,000. The 4-week moving average was 2,243,250, a decrease of 9,250 from the previous week's revised average. The previous week's average was revised up by 500 from 2,252,000 to 2,252,500.
Posted: March 17, 2016 Thursday 08:30 AM