Research >> Economics
Weekly Initial Unemployment Claims Increase 13,000 to 260,000
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In the week ending October 15, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 246,000 to 247,000. The 4-week moving average was 251,750, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 249,250 to 249,500. There were no special factors impacting this week's initial claims. This marks 85 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 8, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 8 was 2,057,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,046,000 to 2,050,000. The 4-week moving average was 2,058,250, a decrease of 12,750 from the previous week's revised average. This is the lowest level for this average since July 8, 2000 when it was 2,056,250. The previous week's average was revised up by 1,000 from 2,070,000 to 2,071,000.
Posted: October 20, 2016 Thursday 08:30 AM