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Weekly initial unemployment claims decrease 19,000 to 366,000
In the week ending December 10, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 19,000 from the previous week's revised figure of 385,000. The 4-week moving average was 387,750, a decrease of 6,500 from the previous week's revised average of 394,250.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending December 3, unchanged from the prior week's revised rate.
The advance number for seasonally adjusted insured unemployment during the week ending December 3 was 3,603,000, an increase of 4,000 from the preceding week's revised level of 3,599,000. The 4-week moving average was 3,666,250, a decrease of 5,000 from the preceding week's revised average of 3,671,250.
Posted: December 15, 2011 Thursday 08:30 AM