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Weekly initial unemployment claims increase 27,000 to 412,000
In the week ending April 9, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 27,000 from the previous week's revised figure of 385,000. The 4-week moving average was 395,750, an increase of 5,500 from the previous week's revised average of 390,250.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending April 2, a decrease of 0.1 percentage point from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending April 2 was 3,680,000, a decrease of 58,000 from the preceding week's revised level of 3,738,000. The 4-week moving average was 3,728,750, a decrease of 20,750 from the preceding week's revised average of 3,749,500.
Posted: April 14, 2011 Thursday 08:30 AM