Research >> Economics
Weekly Initial Unemployment Claims Increase 28,000 to 326,000
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In the week ending May 17, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 28,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 297,000 to 298,000. The 4-week moving average was 322,500, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 323,250 to 323,500.
There were no special factors impacting this week's initial claims. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 10 was 2,653,000, a decrease of 13,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 1, 2007 when it was 2,639,000. The previous week's level was revised down by 1,000 from 2,667,000 to 2,666,000. The 4-week moving average was 2,689,000, a decrease of 5,250 from the previous week's revised average. This is the lowest level for this average since December 15, 2007 when it was 2,670,500. The previous week's average was revised down by 250 from 2,694,500 to 2,694,250.
Posted: May 22, 2014 Thursday 08:30 AM