Research >> Economics
Weekly initial unemployment claims increase 7,000 to 480,000
In the week ending Dec. 12, the advance figure for seasonally adjusted initial claims was 480,000, an increase of 7,000 from the previous week's revised figure of 473,000. The 4-week moving average was 467,500, a decrease of 5,250 from the previous week's revised average of 472,750.
The advance seasonally adjusted insured unemployment rate was 3.9 percent for the week ending Dec. 5, unchanged from the prior week's unrevised rate of 3.9 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Dec. 5 was 5,186,000, an increase of 5,000 from the preceding week's revised level of 5,181,000. The 4-week moving average was 5,318,250, a decrease of 106,750 from the preceding week's revised average of 5,425,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.722 million.
Posted: December 17, 2009 Thursday 08:30 AM