Research >> Economics
Weekly Initial Unemployment Claims Decrease 7,000 to 255,000
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In the week ending October 10, the advance figure for seasonally adjusted initial claims was 255,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 263,000 to 262,000. The 4-week moving average was 265,000, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since December 15, 1973 when it was 256,750. The previous week's average was revised down by 250 from 267,500 to 267,250. There were no special factors impacting this week's initial claims.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending October 3, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 3 was 2,158,000, a decrease of 50,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week's level was revised up 4,000 from 2,204,000 to 2,208,000. The 4-week moving average was 2,201,250, a decrease of 21,250 from the previous week's revised average. This is the lowest level for this average since November 18, 2000 when it was 2,169,000. The previous week's average was revised up by 1,000 from 2,221,500 to 2,222,500.
Posted: October 15, 2015 Thursday 08:30 AM