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Unemployment Claims unchanged at 246,000

Thursday, Oct 13 2016
Unemployment Claims unchanged at 246,000

In the week ending October 8, the advance figure for seasonally adjusted initial claims was 246,000, unchanged from the previous week's revised level. The 4-week moving average was 249,250, a decrease of 3,500 from the previous week's revised average. This is the lowest level for this average since November 3, 1973 when it was 244,000. The previous week's average was revised down by 750 from 253,500 to 252,750. There were no special factors impacting this week's initial claims. This marks 84 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

 

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 2,046,000, a decrease of 16,000 from the previous week's revised level. This is the lowest level for insured unemployment since June 24, 2000 when it was 2,033,000. The 4-week moving average was 2,070,000, a decrease of 25,750 from the previous week's revised average. This is the lowest level for this average since July 8, 2000 when it was 2,056,250.

 

Euro is currently being traded around 1.1040 level, Sterling is at 1.22 handle, while Aussie is around 0.7550 area.

Last modified on Thursday, 13 October 2016
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