Research >> Economics
Weekly Initial Unemployment Claims Decrease 24,000 to 209,000
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In the week ending April 21, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 24,000 from the previous week's revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 229,250, a decrease of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 231,250 to 231,500. 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 14, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 14 was 1,837,000, a decrease of 29,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,863,000 to 1,866,000. The 4-week moving average was 1,849,750, a decrease of 9,750 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 750 from 1,858,750 to 1,859,500.
Posted: April 26, 2018 Thursday 08:30 AM