Research >> Economics
Weekly Initial Unemployment Claims Decrease 19,000 to 235,000
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In the week ending November 12, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 19,000 from the previous week's unrevised level of 254,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 253,500, a decrease of 6,500 from the previous week's revised average. The previous week's average was revised up by 250 from 259,750 to 260,000. There were no special factors impacting this week's initial claims. This marks 89 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 5, 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 November 5 was 1,977,000, a decrease of 66,000 from the previous week's revised level. This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The previous week's level was revised up 2,000 from 2,041,000 to 2,043,000. The 4-week moving average was 2,022,500, a decrease of 19,250 from the previous week's revised average. This is the lowest level for this average since June 17, 2000 when it was 2,016,750. The previous week's average was revised up by 2,250 from 2,039,500 to 2,041,750.
Posted: November 17, 2016 Thursday 08:30 AM