Research >> Economics
Weekly initial unemployment claims decrease 23,000 to 452,000
In the week ending Oct. 16, the advance figure for seasonally adjusted initial claims was 452,000, a decrease of 23,000 from the previous week's revised figure of 475,000. The 4-week moving average was 458,000, a decrease of 4,250 from the previous week's revised average of 462,250.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 9, unchanged from the prior week's unrevised rate of 3.5 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 9 was 4,441,000, a decrease of 9,000 from the preceding week's revised level of 4,450,000. The 4-week moving average was 4,478,000, a decrease of 23,250 from the preceding week's revised average of 4,501,250.
Posted: October 21, 2010 Thursday 08:30 AM