Initial Claims Decrease
In the latest week, the number of Americans filing for unemployment insurance showed a notable decrease. The advance figure for seasonally adjusted initial claims fell to 218,000, dropping by 9,000 from the previous week’s revised level. This decline marks a significant shift from the earlier reported figure, which had been adjusted upward from 224,000 to 227,000.
Moving Average Shows Increase
Despite the drop in initial claims, the 4-week moving average, which smooths out week-to-week volatility, climbed to 212,250. This represents an increase of 3,750 from the previous week’s revised average, which itself was revised upward by 750 from 207,750 to 208,500.
Insured Unemployment Rate Dips
There was a decrease…
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