Research >> Economics
Weekly Initial Unemployment Claims Decrease 5,000 to 229,000
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In the week ending October 28, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 232,500, a decrease of 7,250 from the previous week's revised average. This is the lowest level for this average since April 7, 1973 when it was 232,250. The previous week's average was revised up by 250 from 239,500 to 239,750.
Claims taking procedures continue to be severely disrupted in the Virgin Islands. The ability to take claims has improved in Puerto Rico and they are now processing backlogged claims.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending October 21, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.3 to 1.4 percent. The advance number for seasonally adjusted insured unemployment during the week ending October 21 was 1,884,000, a decrease of 15,000 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 6,000 from 1,893,000 to 1,899,000. The 4-week moving average was 1,895,750, a decrease of 9,250 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 1,500 from 1,903,500 to 1,905,000.
Posted: November 2, 2017 Thursday 08:30 AM