Research >> Economics
Weekly initial unemployment claims drop 10,000 to 514,000
In the week ending Oct. 10, the advance figure for seasonally adjusted initial claims was 514,000, a decrease of 10,000 from the previous week's revised figure of 524,000. The 4-week moving average was 531,500, a decrease of 9,000 from the previous week's revised average of 540,500.
The advance seasonally adjusted insured unemployment rate was 4.5 percent for the week ending Oct. 3, a decrease of 0.1 percentage point from the prior week's revised rate of 4.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 3 was 5,992,000, a decrease of 75,000 from the preceding week's revised level of 6,067,000. The 4-week moving average was 6,082,750, a decrease of 68,250 from the preceding week's revised average of 6,151,000.
Posted: October 15, 2009 Thursday 08:30 AM