The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 17 was 2,102,000, an increase of 63,000 from the previous week's revised level. The 4-week moving average was 2,042,250, an increase of 4,500 from the previous week's revised average.
Unemployment Claims fell to 265,000
In the week ending December 24, the advance figure for seasonally adjusted initial claims was 265,000, a decrease of 10,000 from the previous week's unrevised level of 275,000. The 4-week moving average was 263,000, a decrease of 750 from the previous week's unrevised average of 263,750. There were no special factors impacting this week's initial claims. This marks 95 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
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