Research >> Economics
Weekly Initial Unemployment Claims Unchanged at 211,000
In the week ending May 5, the advance figure for seasonally adjusted initial claims was 211,000, unchanged from the previous week's unrevised level of 211,000. The 4-week moving average was 216,000, a decrease of 5,500 from the previous week's unrevised average of 221,500. This is the lowest level for this average since December 20, 1969 when it was 214,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 28, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 28 was 1,790,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,756,000 to 1,760,000. The 4-week moving average was 1,812,500, a decrease of 22,000 from the previous week's revised average. This is the lowest level for this average since December 29, 1973 when it was 1,784,250. The previous week's average was revised up by 1,250 from 1,833,250 to 1,834,500.
Posted: May 10, 2018 Thursday 08:30 AM