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Weekly initial unemployment claims up 27,000 to 542,000
In the week ending Nov. 15, the advance figure for seasonally adjusted initial claims was 542,000, an increase of 27,000 from the previous week's revised figure of 515,000. The 4-week moving average was 506,500, an increase of 15,750 from the previous week's revised average of 490,750.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending Nov. 8, an increase of 0.1 percentage point from the prior week's unrevised rate of 2.9 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Nov. 8 was 4,012,000, an increase of 109,000 from the preceding week's revised level of 3,903,000. The 4-week moving average was 3,867,000, an increase of 71,250 from the preceding week's revised average of 3,795,750.
Posted: November 20, 2008 Thursday 08:31 AM