Research >> Economics
Weekly Initial Unemployment Claims Decrease 16,000 to 278,000
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In the week ending May 14, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 16,000 from the previous week's unrevised level of 294,000. The 4-week moving average was 275,750, an increase of 7,500 from the previous week's unrevised average of 268,250. There were no special factors impacting this week's initial claims. This marks 63 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending May 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 7 was 2,152,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,161,000 to 2,165,000. The 4-week moving average was 2,142,500, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,137,250 to 2,138,250.
Posted: May 19, 2016 Thursday 08:30 AM