Research >> Economics
Weekly Initial Unemployment Claims Increase 10,000 to 274,000
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In the week ending May 16, the advance figure for seasonally adjusted initial claims was 274,000, an increase of 10,000 from the previous week's unrevised level of 264,000. The 4-week moving average was 266,250, a decrease of 5,500 from the previous week's unrevised average of 271,750. This is the lowest level for this average since April 15, 2000 when it was 266,250. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending May 9, 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 May 9 was 2,211,000, a decrease of 12,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 11, 2000 when it was 2,161,000. The previous week's level was revised down by 6,000 from 2,229,000 to 2,223,000. The 4-week moving average was 2,229,750, a decrease of 29,000 from the previous week's revised average. This is the lowest level for this average since November 25, 2000 when it was 2,211,250. The previous week's average was revised down by 1,500 from 2,260,250 to 2,258,750.
Posted: May 21, 2015 Thursday 08:30 AM