Research >> Economics
Weekly Initial Unemployment Claims Increase 10,000 to 268,000
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In the week ending June 25, the advance figure for seasonally adjusted initial claims was 268,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 259,000 to 258,000. The 4-week moving average was 266,750, unchanged from the previous week's revised average. The previous week's average was revised down by 250 from 267,000 to 266,750. There were no special factors impacting this week's initial claims. This marks 69 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending June 18, 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 June 18 was 2,120,000, a decrease of 20,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 2,142,000 to 2,140,000. The 4-week moving average was 2,133,500, a decrease of 13,000 from the previous week's revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week's average was revised down by 500 from 2,147,000 to 2,146,500.
Posted: June 30, 2016 Thursday 08:30 AM