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ECON: Jobless Claims Slightly Higher Than Expected
Posted to: Micro News
Thursday, January 10, 2013 8:37 AM
- Claims 371k vs 365k Consensus
- Continued Claims fell 127k, largest drop since Jan 2011
- Continued Claims lowest since July 2008
In the week ending January 5, the advance figure for seasonally adjusted initial claims was 371,000, an increase of 4,000 from the previous week's revised figure of 367,000. The 4-week moving average was 365,750, an increase of 6,750 from the previous week's revised average of 359,000.
The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending December 29, 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 December 29 was 3,109,000, a decrease of 127,000 from the preceding week's revised level of 3,236,000. The 4-week moving average was 3,197,250, a decrease of 26,000 from the preceding week's revised average of 3,223,250.
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