Research >> Economics
Weekly Initial Unemployment Claims Decrease 3,000 to 246,000
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In the week ending October 8, the advance figure for seasonally adjusted initial claims was 246,000, unchanged from the previous week's revised level. The previous week's level was revised down by 3,000 from 249,000 to 246,000. The 4-week moving average was 249,250, a decrease of 3,500 from the previous week's revised average. This is the lowest level for this average since November 3, 1973 when it was 244,000. The previous week's average was revised down by 750 from 253,500 to 252,750. There were no special factors impacting this week's initial claims. This marks 84 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 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 2,046,000, a decrease of 16,000 from the previous week's revised level. This is the lowest level for insured unemployment since June 24, 2000 when it was 2,033,000. The previous week's level was revised up 4,000 from 2,058,000 to 2,062,000. The 4-week moving average was 2,070,000, a decrease of 25,750 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 2,094,750 to 2,095,750.
Posted: October 13, 2016 Thursday 08:30 AM