Research >> Economics
Weekly Initial Unemployment Claims Decrease 6,000 to 312,000
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In the week ending June 14, the advance figure for seasonally adjusted initial claims was 312,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 317,000 to 318,000. The 4-week moving average was 311,750, a decrease of 3,750 from the previous week's revised average. The previous week's average was revised up by 250 from 315,250 to 315,500.
There were no special factors impacting this week's initial claims. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending June 7, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 7 was 2,561,000, a decrease of 54,000 from the previous week's revised level. This is the lowest level for insured unemployment since October 13, 2007 when it was 2,541,000. The previous week's level was revised up 1,000 from 2,614,000 to 2,615,000. The 4-week moving average was 2,600,500, a decrease of 21,750 from the previous week's revised average. This is the lowest level for this average since November 3, 2007 when it was 2,585,750. The previous week's average was revised up by 250 from 2,622,000 to 2,622,250.
Posted: June 19, 2014 Thursday 08:30 AM