Research >> Economics
Weekly Initial Unemployment Claims Decrease 4,000 to 254,000
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In the week ending December 10, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 4,000 from the previous week's unrevised level of 258,000. The 4-week moving average was 257,750, an increase of 5,250 from the previous week's unrevised average of 252,500. There were no special factors impacting this week's initial claims. This marks 93 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 3, unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.4 to 1.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending December 3 was 2,018,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 2,005,000 to 2,007,000. The 4-week moving average was 2,038,000, an increase of 8,750 from the previous week's revised average. The previous week's average was revised up by 500 from 2,028,750 to 2,029,250.
Posted: December 15, 2016 Thursday 08:30 AM