Research >> Economics
Weekly Initial Unemployment Claims Increase 1,000 to 260,000
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In the week ending September 10, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 1,000 from the previous week's unrevised level of 259,000. The 4-week moving average was 260,750, a decrease of 500 from the previous week's unrevised average of 261,250. There were no special factors impacting this week's initial claims. This marks 80 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending September 3, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 3 was 2,143,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 2,144,000 to 2,142,000. The 4-week moving average was 2,146,750, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,153,750 to 2,154,750.
Posted: September 15, 2016 Thursday 08:30 AM