Research >> Economics
Weekly Initial Unemployment Claims Decrease 10,000 to 278,000
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In the week ending November 1, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 287,000 to 288,000. The 4-week moving average was 279,000, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since April 29, 2000 when it was 273,000. The previous week's average was revised up by 250 from 281,000 to 281,250. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending October 25, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 25 was 2,348,000, a decrease of 39,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 23, 2000 when it was 2,340,000. The previous week's level was revised up 3,000 from 2,384,000 to 2,387,000. The 4-week moving average was 2,369,750, a decrease of 8,500 from the previous week's revised average. This is the lowest level for this average since January 13, 2001 when it was 2,360,500. The previous week's average was revised up by 750 from 2,377,500 to 2,378,250.
Posted: November 6, 2014 Thursday 08:30 AM