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Weekly initial unemployment claims increase 2,000 to 393,000
In the week ending November 19, the advance figure for seasonally adjusted initial claims was 393,000, an increase of 2,000 from the previous week's revised figure of 391,000. The 4-week moving average was 394,250, a decrease of 3,250 from the previous week's revised average of 397,500.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending November 12, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 3,691,000, an increase of 68,000 from the preceding week's revised level of 3,623,000. The 4-week moving average was 3,671,500, a decrease of 2,250 from the preceding week's revised average of 3,673,750.
Posted: November 23, 2011 Wednesday 08:30 AM