Research >> Economics
Weekly Initial Unemployment Claims Decrease 5,000 to 249,000
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In the week ending October 1, the advance figure for seasonally adjusted initial claims was 249,000, a decrease of 5,000 from the previous week's unrevised level of 254,000. The 4-week moving average was 253,500, a decrease of 2,500 from the previous week's unrevised average of 256,000. This is the lowest level for this average since December 8, 1973 when it was 252,250. There were no special factors impacting this week's initial claims. This marks 83 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 September 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 24 was 2,058,000, a decrease of 6,000 from the previous week's revised level. This is the lowest level for insured unemployment since July 1, 2000 when it was 2,052,000. The previous week's level was revised up 2,000 from 2,062,000 to 2,064,000. The 4-week moving average was 2,094,750, a decrease of 21,000 from the previous week's revised average. This is the lowest level for this average since August 12, 2000 when it was 2,090,000. The previous week's average was revised up by 500 from 2,115,250 to 2,115,750.
Posted: October 6, 2016 Thursday 08:30 AM