Thursday, January 3, 2013

USA Weekly Unemployment Claims Rise to 5-Week High

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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 (372,000) are now just 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 29, the advance figure for seasonally adjusted initial claims was 372,000, an increase of 10,000 from the previous week's revised figure of 362,000. The 4-week moving average was 360,000, an increase of 250 from the previous week's revised average of 359,750.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending December 22, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 22 was 3,245,000, an increase of 44,000 from the preceding week's revised level of 3,201,000. The 4-week moving average was 3,224,250, an increase of 6,500 from the preceding week's revised average of 3,217,750.

Weekly Unemployment Insurance Claims by Week (Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


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