Apr 29: Initial Claims Fall – Economic Highlights

Initial Claims decreased to 448,000, for the week ending 04/24, lower than the expected decrease to 449,000, after decreasing to 459,000, the revised figure for the previous week. This was the lowest level recorded in four weeks as initial claims decreased for the second consecutive week. The 4-week moving average increased to 462,500, from the previous week’s revised average of 461,000. Seasonally adjusted insured unemployment from the prior week, ending on 04/17, was 4,645,000, a decrease of 18,000 from the preceding week’s revised level of 4,663,000. Seasonally adjusted insured unemployment rate from the week ending on 04/17, was 3.6%, unchanged from the previous week’s unrevised figure of 3.6%.

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