Research >> Economics
Weekly Initial Unemployment Claims Decrease 3,000 to 302,000
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In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 500 from 311,500 to 312,000.
There were no special factors impacting this week's initial claims. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending July 5, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 5 was 2,507,000, a decrease of 79,000 from the previous week's revised level. This is the lowest level for insured unemployment since June 30, 2007 when it was 2,501,000. The previous week's level was revised up 2,000 from 2,584,000 to 2,586,000. The 4-week moving average was 2,559,000, a decrease of 13,000 from the previous week's revised average. This is the lowest level for this average since October 20, 2007 when it was 2,544,500. The previous week's average was revised up by 750 from 2,571,250 to 2,572,000.
Posted: July 17, 2014 Thursday 08:30 AM