Research >> Economics
Weekly Initial Unemployment Claims Increase 49,000 to 252,000
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In the week ending December 7, the advance figure for seasonally adjusted initial claims was 252,000, an increase of 49,000 from the previous week's unrevised level of 203,000. This is the highest level for initial claims since September 30, 2017 when it was 257,000. The 4-week moving average was 224,000, an increase of 6,250 from the previous week's unrevised average of 217,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 30 was 1,667,000, a decrease of 31,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 1,693,000 to 1,698,000. The 4-week moving average was 1,676,000, a decrease of 6,250 from the previous week's revised average. The previous week's average was revised up by 1,250 from 1,681,000 to 1,682,250.
Posted: December 12, 2019 Thursday 08:30 AM