Research >> Economics
Weekly Initial Unemployment Claims Increase 24,000 to 242,000
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In the week ending March 31, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 24,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 215,000 to 218,000. The 4-week moving average was 228,250, an increase of 3,000 from the previous week's revised average. The previous week's average was revised up by 750 from 224,500 to 225,250. 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 March 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 24 was 1,808,000, a decrease of 64,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 1,000 from 1,871,000 to 1,872,000. The 4-week moving average was 1,848,250, a decrease of 13,500 from the previous week's revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week's average was revised up by 250 from 1,861,500 to 1,861,750.
Posted: April 5, 2018 Thursday 08:30 AM