Research >> Economics
Weekly Initial Unemployment Claims Increase 9,000 to 257,000
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In the week ending April 23, the advance figure for seasonally adjusted initial claims was 257,000, an increase of 9,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 256,000, a decrease of 4,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 252,250. The previous week's average was revised up by 250 from 260,500 to 260,750. There were no special factors impacting this week's initial claims. This marks 60 consecutive weeks of initialclaims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 16 was 2,130,000, a decrease of 5,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week's level was revised down by 2,000 from 2,137,000 to 2,135,000. The 4-week moving average was 2,157,500, a decrease of 10,500 from the previous week's revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week's average was revised down by 500 from 2,168,500 to 2,168,000.
Posted: April 28, 2016 Thursday 08:30 AM