Research >> Economics
Weekly initial unemployment claims down 31,000 to 639,000
In the week ending Feb. 28, the advance figure for seasonally adjusted initial claims was 639,000, a decrease of 31,000 from the previous week's revised figure of 670,000. The 4-week moving average was 641,750, an increase of 2,000 from the previous week's revised average of 639,750.
The advance seasonally adjusted insured unemployment rate was 3.8 percent for the week ending Feb. 21, unchanged from the prior week's unrevised rate of 3.8 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Feb. 21 was 5,106,000, a decrease of 14,000 from the preceding week's revised level of 5,120,000. The 4-week moving average was 5,011,000, an increase of 76,750 from the preceding week's revised average of 4,934,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.501 million.
Posted: March 5, 2009 Thursday 08:30 AM