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ECON: Jobless Claims Slightly Lower Than Expected
Posted to: Micro News
Thursday, December 06, 2012 8:49 AM
- 370k vs 380k Consensus
- 4-Week Average at 408k, Highest Since Oct 2011
In the week ending December 1, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 25,000 from the previous week's revised figure of 395,000. The 4-week moving average was 408,000, an increase of 2,250 from the previous week's revised average of 405,750.
The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending November 24, a decrease of 0.1 percentage point from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 24 was 3,205,000, a decrease of 100,000 from the preceding week's revised level of 3,305,000. The 4-week moving average was 3,309,000, an increase of 7,750 from the preceding week's revised average of 3,301,250.
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