Research >> Economics
Weekly Initial Unemployment Claims Decrease 18,000 to 259,000
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In the week ending June 18, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 18,000 from the previous week's unrevised level of 277,000. The 4-week moving average was 267,000, a decrease of 2,250 from the previous week's unrevised average of 269,250. There were no special factors impacting this week's initial claims. This marks 68 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending June 11, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 11 was 2,142,000, a decrease of 20,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,157,000 to 2,162,000. The 4-week moving average was 2,147,000, a decrease of 4,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,150,250 to 2,151,500.
Posted: June 23, 2016 Thursday 08:30 AM