According to the US Department of Labor, in the week ending January 2, the advance figure for seasonally adjusted initial claims was 434,000, an increase of 1,000 from the previous week’s revised figure of 433,000. The 4-week moving average was 450,250, a decrease of 10,250 from the previous week’s revised average of 460,500.

The advance seasonally adjusted insured unemployment rate was 3.6% for the week ending December 26, a decrease of 0.2 percentage points from the prior week’s unrevised rate of 3.8%.

The advance number for seasonally adjusted insured unemployment during the week ending December 26 was 4,802,000, a decrease of 179,000 from the preceding week’s unrevised level of 4,981,000. The 4-week moving average was 5,005,750, a decrease of 95,250 from the preceding week’s unrevised average of 5,101,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.565 million.