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Weekly initial unemployment claims decrease 22,000 to 391,000
In the week ending Feb. 19, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 22,000 from the previous week's revised figure of 413,000. The 4-week moving average was 402,000, a decrease of 16,500 from the previous week's revised average of 418,500.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending Feb. 12, a decrease of 0.1 percentage point from the prior week's unrevised rate of 3.1 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Feb.12 was 3,790,000, a decrease of 145,000 from the preceding week's revised level of 3,935,000. The 4-week moving average was 3,892,750, a decrease of 54,750 from the preceding week's revised average of 3,947,500.
Posted: February 24, 2011 Thursday 08:30 AM