A Closer Look

Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern


In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending April 21, unchanged from the prior week.

The advance number for seasonally adjusted insured unemployment during the week ending April 21 was 3,276,000, a decrease of 53,000 from the preceding week’s revised level of 3,329,000. The 4-week moving average was 3,297,000, a decrease of 18,250 from the preceding week’s revised average of 3,315,250.


News releases from the U.S. Department of Labor are accessible on the Internet at: http://www.dol.gov/and  http://www.ows.doleta.gov/


Jobless Claims in U.S. Decline More Than Forecast – Bloomberg

Fewer Americans than forecast filed applications for unemployment benefits last week, easing concern the job market was taking a turn for the worse.

Jobless claims fell by 27,000 to 365,000 in the week ended April 28, a one-month low, from a revised 392,000 the prior period, Labor Department figures showed today in Washington. The median forecast of 46 economists surveyed by Bloomberg News called for 379,000 applications.

“The numbers allay some concern that the labor market is deteriorating,” said Brian Jones, a senior U.S. economist at Societe Generale in New York, who accurately projected the decrease in claims. “The Easter argument held.”…


via Jobless Claims in U.S. Decline More Than Forecast – Bloomberg.


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