Research >> Economics
Weekly Initial Unemployment Claims Decrease 10,000 to 265,000
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In the week ending December 24, the advance figure for seasonally adjusted initial claims was 265,000, a decrease of 10,000 from the previous week's unrevised level of 275,000. The 4-week moving average was 263,000, a decrease of 750 from the previous week's unrevised average of 263,750. There were no special factors impacting this week's initial claims. This marks 95 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 17 was 2,102,000, an increase of 63,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,036,000 to 2,039,000. The 4-week moving average was 2,042,250, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 750 from 2,037,000 to 2,037,750.
Posted: December 29, 2016 Thursday 08:30 AM