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Weekly initial unemployment claims increase 10,000 to 424,000
In the week ending May 21, the advance figure for seasonally adjusted initial claims was 424,000, an increase of 10,000 from the previous week's revised figure of 414,000. The 4-week moving average was 438,500, a decrease of 1,750 from the previous week's revised average of 440,250.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending May 14, a decrease of 0.1 percentage point from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending May 14 was 3,690,000, a decrease of 46,000 from the preceding week's revised level of 3,736,000. The 4-week moving average was 3,742,250, an increase of 7,750 from the preceding week's revised average of 3,734,500.
Posted: May 26, 2011 Thursday 08:30 AM