Research >> Economics
Weekly Initial Unemployment Claims Increase 6,000 to 265,000
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In the week ending March 19, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 265,000 to 259,000. The 4-week moving average was 259,750, an increase of 250 from the previous week's revised average. The previous week's average was revised down by 8,500 from 268,000 to 259,500. There were no special factors impacting this week's initial claims. This marks 55 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending March 12, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 12 was 2,179,000, a decrease of 39,000 from the previous week's revised level. The previous week's level was revised down by 17,000 from 2,235,000 to 2,218,000. The 4-week moving average was 2,206,500, a decrease of 13,500 from the previous week's revised average. The previous week's average was revised down by 23,250 from 2,243,250 to 2,220,000.
Posted: March 24, 2016 Thursday 08:30 AM