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Weekly initial unemployment claims up 8,000 to 652,000
In the week ending March 21, the advance figure for seasonally adjusted initial claims was 652,000, an increase of 8,000 from the previous week's revised figure of 644,000. The 4-week moving average was 649,000, a decrease of 1,000 from the previous week's revised average of 650,000.
The advance seasonally adjusted insured unemployment rate was 4.2 percent for the week ending March 14, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.1 percent.
The advance number for seasonally adjusted insured unemployment during the week ending March 14 was 5,560,000, an increase of 122,000 from the preceding week's revised level of 5,438,000. The 4-week moving average was 5,331,250, an increase of 123,750 from the preceding week's revised average of 5,207,500.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.646 million.
Posted: March 26, 2009 Thursday 08:30 AM