Research >> Economics
Weekly Initial Unemployment Claims Increase 1,000 to 260,000
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In the week ending October 24, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 1,000 from the previous week's unrevised level of 259,000. The 4-week moving average was 259,250, a decrease of 4,000 from the previous week's unrevised average of 263,250. This is the lowest level for this average since December 15, 1973 when it was 256,750. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending October 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 17 was 2,144,000, a decrease of 37,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week's level was revised up 11,000 from 2,170,000 to 2,181,000. The 4-week moving average was 2,174,750, a decrease of 12,750 from the previous week's revised average. This is the lowest level for this average since November 18, 2000 when it was 2,169,000. The previous week's average was revised up by 3,000 from 2,184,500 to 2,187,500.
Posted: October 29, 2015 Thursday 08:30 AM