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Weekly initial unemployment claims increase 13,000 to 462,000
In the week ending Oct. 9, the advance figure for seasonally adjusted initial claims was 462,000, an increase of 13,000 from the previous week's revised figure of 449,000. The 4-week moving average was 459,000, an increase of 2,250 from the previous week's revised average of 456,750.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 2, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 2 was 4,399,000, a decrease of 112,000 from the preceding week's revised level of 4,511,000. The 4-week moving average was 4,488,500, a decrease of 34,500 from the preceding week's revised average of 4,523,000.
Posted: October 14, 2010 Thursday 08:30 AM