Research >> Economics
Weekly initial unemployment claims was 478,000 up 15,000
In the week ending Oct. 18, the advance figure for seasonally adjusted initial claims was 478,000, an increase of 15,000 from the previous week's revised figure of 463,000. It is estimated that the effects of Hurricane Ike in Texas added approximately 12,000 claims to the total. The 4-week moving average was 480,250, a decrease of 4,500 from the previous week's revised average of 484,750.
The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending Oct. 11, unchanged from the prior week's unrevised rate of 2.8 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 11 was 3,720,000, a decrease of 6,000 from the preceding week's revised level of 3,726,000. The 4-week moving average was 3,680,000, an increase of 44,250 from the preceding week's revised average of 3,635,750.
Posted: October 23, 2008 Thursday 08:33 AM