Thursday, December 13, 2012

USA Weekly Unemployment Claims at 9-Week Low

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U.S. Department of Labor: Unemployment Insurance Weekly Claims Report

Unemployment claims had been above or near 400,000 (seasonally adjusted) due to Hurricane Sandy. Current claims (343,000) are now below the 2012 weekly average of 375,000. Claims are usually lower in December due to temporary Holiday hiring. A subsequent spike in claims occurs in January.

In the week ending December 8, the advance figure for seasonally adjusted initial claims was 343,000, a decrease of 29,000 from the previous week's revised figure of 372,000. The 4-week moving average was 381,500, a decrease of 27,000 from the previous week's revised average of 408,500.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending December 1, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 1 was 3,198,000, a decrease of 23,000 from the preceding week's revised level of 3,221,000. The 4-week moving average was 3,270,750, a decrease of 42,250 from the preceding week's revised average of 3,313,000.

Weekly Unemployment Insurance Claims by Week (Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


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