The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 31, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 31 was 2,087,000, a decrease of 29,000 from the previous week's revised level. The 4-week moving average was 2,086,750, an increase of 16,500 from the previous week's revised average.
Unemployment Claims at 247,000
In the week ending January 7, the advance figure for seasonally adjusted initial claims was 247,000, an increase of 10,000 from the previous week's revised level. The 4-week moving average was 256,500, a decrease of 1,750 from the previous week's revised average. There were no special factors impacting this week's initial claims. This marks 97 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
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