Research >> Economics
Weekly Initial Unemployment Claims Decrease 9,000 to 840,000
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In the week ending October 3, the advance figure for seasonally adjusted initial claims was 840,000, a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up by 12,000 from 837,000 to 849,000. The 4-week moving average was 857,000, a decrease of 13,250 from the previous week's revised average. The previous week's average was revised up by 3,000 from 867,250 to 870,250.
The advance seasonally adjusted insured unemployment rate was 7.5 percent for the week ending September 26, a decrease of 0.7 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 8.1 to 8.2 percent. The advance number for seasonally adjusted insured unemployment during the week ending September 26 was 10,976,000, a decrease of 1,003,000 from the previous week's revised level. The previous week's level was revised up 212,000 from 11,767,000 to 11,979,000. The 4-week moving average was 12,112,250, a decrease of 642,000 from the previous week's revised average. The previous week's average was revised up by 53,000 from 12,701,250 to 12,754,250.
Posted: October 8, 2020 Thursday 08:30 AM