Thursday, December 27, 2012

USA Weekly Unemployment Claims Decrease to 11-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 (350,000) 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.

(U.S. Department of Labor) In the week ending December 22, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 12,000 from the previous week's revised figure of 362,000. The 4-week moving average was 356,750, a decrease of 11,250 from the previous week's revised average of 368,000.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending December 15, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 15 was 3,206,000, a decrease of 32,000 from the preceding week's revised level of 3,238,000. The 4-week moving average was 3,219,000, a decrease of 24,750 from the preceding week's revised average of 3,243,750.

Weekly Unemployment Insurance Claims by Week (Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


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