Research >> Economics
Weekly initial unemployment claims decrease 29,000 to 409,000
In the week ending May 14, the advance figure for seasonally adjusted initial claims was 409,000, a decrease of 29,000 from the previous week's revised figure of 438,000. The 4-week moving average was 439,000, an increase of 1,250 from the previous week's revised average of 437,750.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending May 7, unchanged from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending May 7 was 3,711,000, a decrease of 81,000 from the preceding week's revised level of 3,792,000. The 4-week moving average was 3,728,250, an increase of 750 from the preceding week's revised average of 3,727,500.
Posted: May 19, 2011 Thursday 08:30 AM