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ECON: Jobless Claims See Biggest Drop Since Feb 2010
Posted to: Micro News
Thursday, January 17, 2013 8:39 AM
- Claims 335k vs 365k Consensus
- 4 week average fell to 359.25k vs 366k previously
- Claims lowest since jan 2008, 37k drop biggest since Feb 2010
In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease of 37,000 from the previous week's revised figure of 372,000. The 4-week moving average was 359,250, a decrease of 6,750 from the previous week's revised average of 366,000.
The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 5, an increase of 0.1 percentage point from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 5 was 3,214,000, an increase of 87,000 from the preceding week's revised level of 3,127,000. The 4-week moving average was 3,195,750, a decrease of 6,000 from the preceding week's revised average of 3,201,750.
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