Research >> Economics
Weekly Initial Unemployment Claims Decrease 14,000 to 289,000
|
In the week ending August 2, the advance figure for seasonally adjusted initial claims was 289,000, a decrease of 14,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 302,000 to 303,000. The 4 - week moving average was 293,500, a decrease of 4,000 from the previous week's revised average. This is the lowest level for this average since February 25, 2006 when it was 290,750. The previous week's average was revised up by 250 from 297,250 to 297,500.
There were no special factors impacting this week's initial claims. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending July 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 26 was 2,518,000, a decrease of 24,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,539,000 to 2,542,000. The 4 - week moving average was 2,519,000, a decrease of 17,000 from the previous week's revised average. This is the lowest level for this average since July 7, 2007 when it was 2,509,250. The previous week's average was revised up by 750 from 2,535,250 to 2,536,000.
Posted: August 7, 2014 Thursday 08:30 AM