Research >> Economics
Weekly initial unemployment claims down 4,000 to 481,000
In the week ending Nov. 1, the advance figure for seasonally adjusted initial claims was 481,000, a decrease of 4,000 from the previous week's revised figure of 485,000. The 4-week moving average was 477,000, unchanged from the previous week's revised average of 477,000.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending Oct. 25, an increase of 0.1 percentage point from the prior week's unrevised rate of 2.8 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 25 was 3,843,000, an increase of 122,000 from the preceding week's revised level of 3,721,000. The 4-week moving average was 3,754,000, an increase of 43,000 from the preceding week's revised average of 3,711,000.
Posted: November 6, 2008 Thursday 08:31 AM