Research >> Economics
Weekly Initial Unemployment Claims Decrease 12,000 to 215,000
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In the week ending March 24, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 12,000 from the previous week's revised level. This is the lowest level for initial claims since January 27, 1973 when it was 214,000. The previous week's level was revised down by 2,000 from 229,000 to 227,000. The 4-week moving average was 224,500, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 223,750 to 225,000. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 17 was 1,871,000, an increase of 35,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 1,828,000 to 1,836,000. The 4-week moving average was 1,861,500, a decrease of 12,750 from the previous week's revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week's average was revised down by 6,250 from 1,880,500 to 1,874,250.
Posted: March 29, 2018 Thursday 08:30 AM