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Weekly initial unemployment claims up 3,000 to 588,000
In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000. The 4-week moving average was 542,500, an increase of 24,250 from the previous week's revised average of 518,250.
The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending Jan. 17, an increase of 0.2 percentage point from the prior week's unrevised rate of 3.4 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 17 was 4,776,000, an increase of 159,000 from the preceding week's revised level of 4,617,000. The 4-week moving average was 4,630,000, an increase of 66,500 from the preceding week's revised average of 4,563,500.
Posted: January 29, 2009 Thursday 08:30 AM