Research >> Economics
Weekly Initial Unemployment Claims Increase 10,000 to 247,000
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In the week ending January 7, the advance figure for seasonally adjusted initial claims was 247,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 235,000 to 237,000. The 4-week moving average was 256,500, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 1,500 from 256,750 to 258,250. There were no special factors impacting this week's initial claims. This marks 97 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 31, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 31 was 2,087,000, a decrease of 29,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,112,000 to 2,116,000. The 4-week moving average was 2,086,750, an increase of 16,500 from the previous week's revised average. The previous week's average was revised up by 3,250 from 2,067,000 to 2,070,250.
Posted: January 12, 2017 Thursday 08:30 AM