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Weekly initial unemployment claims increase 10,000 to 418,000
In the week ending July 16, the advance figure for seasonally adjusted initial claims was 418,000, an increase of 10,000 from the previous week's revised figure of 408,000. The 4-week moving average was 421,250, a decrease of 2,750 from the previous week's revised average of 424,000.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending July 9, a 0.1 percentage point decrease from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending July 9 was 3,698,000, a decrease of 50,000 from the preceding week's revised level of 3,748,000. The 4-week moving average was 3,720,500, a decrease of 4,000 from the preceding week's revised average of 3,724,500.
Posted: July 21, 2011 Thursday 08:30 AM