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ECON: Jobless Claims Higher Than Expected
Posted to: Micro News
Thursday, October 17, 2013 8:45 AM
- Claims 358k vs 335k forecast
- Continued Claims 2.859 mln vs 2.915 mln forecast
- Market Reaction: Limited (because who even knows what to believe from this data set any more) but slightly positive for bond markets.
In the week ending October 12, the advance figure for seasonally adjusted initial claims was 358,000, a decrease of 15,000 from the previous week's revised figure of 373,000. The 4-week moving average was 336,500, an increase of 11,750 from the previous week's revised average of 324,750.
The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending October 5, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 5 was 2,859,000, a decrease of 43,000 from the preceding week's revised level of 2,902,000. The 4-week moving average was 2,875,750, an increase of 17,750 from the preceding week's revised average of 2,858,000.
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