According to the US Department of Labor, in the week ending December 11, the advance figure for seasonally adjusted initial claims was 420,000, a decrease of 3,000 from the previous week’s revised figure of 423,000. The 4-week moving average was 422,750, a decrease of 5,250 from the previous week’s revised average of 428,000.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.3% for the week ending December 4, unchanged from the prior week’s revised rate of 3.3%.
Advance Seasonally Adjusted Insured Unemployment Increases
The advance number for seasonally adjusted insured unemployment during the week ending December 4 was 4,135,000, an increase of 22,000 from the preceding week’s revised level of 4,113,000. The 4-week moving average was 4,185,500, a decrease of 47,250 from the preceding week’s revised average of 4,232,750.