Research >> Economics
Weekly Initial Unemployment Claims Decrease 1,000 to 261,000
In the week ending August 20, the advance figure for seasonally adjusted initial claims was 261,000, a decrease of 1,000 from the previous week's unrevised level of 262,000. The 4-week moving average was 264,000, a decrease of 1,250 from the previous week's unrevised average of 265,250. There were no special factors impacting this week's initial claims. This marks 77 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 13, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 2,145,000, a decrease of 30,000 from the previous week's unrevised level of 2,175,000. The 4-week moving average was 2,155,250, an increase of 250 from the previous week's unrevised average of 2,155,000.
Posted: August 25, 2016 Thursday 08:30 AM