Research >> Economics
Weekly Initial Unemployment Claims Decrease 89,000 to 803,000
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In the week ending December 19, the advance figure for seasonally adjusted initial claims was 803,000, a decrease of 89,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 885,000 to 892,000. The 4-week moving average was 818,250, an increase of 4,000 from the previous week's revised average. The previous week's average was revised up by 1,750 from 812,500 to 814,250.
The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending December 12, a decrease of 0.2 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 12 was 5,337,000, a decrease of 170,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 5,508,000 to 5,507,000. The 4-week moving average was 5,538,000, a decrease of 188,000 from the previous week's revised average. The previous week's average was revised down by 250 from 5,726,250 to 5,726,000.
Posted: December 23, 2020 Wednesday 08:30 AM