According to the US Department of Labor, in the week ending February 16, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 20,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 360,750, an increase of 8,000 from the previous week’s revised average of 352,750.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 2.4% for the week ending February 9, unchanged from the prior week’s unrevised rate.
Advance Seasonally Adjusted Insured Unemployment Increases
The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 3,148,000, an increase of 11,000 from the preceding week’s revised level of 3,137,000. The 4-week moving average was 3,186,250, a decrease of 6,750 from the preceding week’s revised average of 3,193,000.