Research >> Economics
Weekly Initial Unemployment Claims Increase 11,000 to 261,000
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In the week ending January 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750. Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending December 30, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 30 was 1,867,000, a decrease of 35,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised down by 12,000 from 1,914,000 to 1,902,000. The 4-week moving average was 1,913,250, a decrease of 5,500 from the previous week's revised average. The previous week's average was revised down by 3,750 from 1,922,500 to 1,918,750.
Posted: January 11, 2018 Thursday 08:30 AM