Research >> Economics
Weekly Initial Unemployment Claims Increase 10,000 to 233,000
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In the week ending October 21, the advance figure for seasonally adjusted initial claims was 233,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 239,500, a decrease of 9,000 from the previous week's revised average. The previous week's average was revised up by 250 from 248,250 to 248,500.
Claims taking procedures continue to be severely disrupted in Puerto Rico and the Virgin Islands as a result of power outages and infrastructure damage caused by Hurricanes Irma and Maria.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending October 14, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 14 was 1,893,000, a decrease of 3,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 8,000 from 1,888,000 to 1,896,000. The 4-week moving average was 1,903,500, a decrease of 4,500 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. The previous week's average was revised up by 2,000 from 1,906,000 to 1,908,000.
Posted: October 26, 2017 Thursday 08:30 AM