According to the US Department of Labor, in the week ending February 5, the advance figure for seasonally adjusted initial claims was 383,000, a decrease of 36,000 from the previous week’s revised figure of 419,000. The 4-week moving average was 415,500, a decrease of 16,000 from the previous week’s revised average of 431,500.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.1% for the week ending January 29, unchanged from the prior week’s unrevised rate of 3.1%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending January 29 was 3,888,000, a decrease of 47,000 from the preceding week’s revised level of 3,935,000. The 4-week moving average was 3,932,250, an increase of 250 from the preceding week’s revised average of 3,932,000.