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Weekly initial unemployment claims down 34,000 to 601,000
In the week ending May 2, the advance figure for seasonally adjusted initial claims was 601,000, a decrease of 34,000 from the previous week's revised figure of 635,000. The 4-week moving average was 623,500, a decrease of 14,750 from the previous week's revised average of 638,250.
The advance seasonally adjusted insured unemployment rate was 4.8 percent for the week ending April 25, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending April 25 was 6,351,000, an increase of 56,000 from the preceding week's revised level of 6,295,000. The 4-week moving average was 6,207,250, an increase of 125,250 from the preceding week's revised average of 6,082,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.953 million.
Posted: May 7, 2009 Thursday 08:30 AM