Unemployment Claims | Remain at 4-Year Low

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 18, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 18, was 3,402,000, a decrease of 2,000 from the preceding week’s revised level of 3,404,000. The 4-week moving average was 3,444,000, a decrease of 12,250 from the preceding week’s revised average of 3,456,250.

Source: DOL

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 U.S. Jobless Claims Remain at 4-Year Low – NYTimes.com

The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the United States job market is steadily improving.

The report was released amid other data depicting an economy accelerating slowly: personal incomes rose slightly last month, construction spending declined after previous figures were revised higher, and manufacturing activity grew more slowly.

A seasonally adjusted 351,000 people sought unemployment aid, down from 35300 the previous week, the Labor Department said Thursday. That matches the four-year low reached three weeks ago. It’s the fewest since March 2008…

Source: nytimes.com

via U.S. Jobless Claims Remain at 4-Year Low – NYTimes.com.

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Source: Calculated Risk