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News | Jobless Claims Reach New Four-Year Low

“New claims for unemployment benefits fell to a new four-year low in the United States last week, according to a government report. A separate report confirmed the American economy expanded at an annual rate of 3 percent late last year” reports the NYT.

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Unemployment Insurance Weekly Claims Report

(Excerpts from the Press Release)

SEASONALLY ADJUSTED DATA

In the week ending March 24, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 5,000 from the previous week’s revised figure of 364,000. The 4-week moving average was 365,000, a decrease of 3,500 from the previous week’s revised average of 368,500.

Note: This week’s release reflects the annual revision to the weekly unemployment claims seasonal adjustment factors. The seasonal adjustment factors used for the UI Weekly Claims data from 2007 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised.

via ETA Press Release: Unemployment Insurance Weekly Claims Report.

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Source: Calculated Risk

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