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Unemployment Claims rose to 272,000

Thursday, Sep 28 2017
Unemployment Claims rose to 272,000

In the week ending September 23, the advance figure for seasonally adjusted initial claims was 272,000, an increase of 12,000 from the previous week's revised level. The 4-week moving average was 277,750, an increase of 9,000 from the previous week's unrevised average of 268,750. This is the highest level for this average since February 6, 2016 when it was 277,750. Hurricanes Harvey and Irma impacted this week's claims.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending September 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 16 was 1,934,000, a decrease of 45,000 from the previous week's revised level. The 4-week moving average was 1,949,750, a decrease of 2,750 from the previous week's revised average. 

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