Initial Claims decreased to 440,000, for the week ending 02/06, lower than the expected decrease to 461,000, after increasing to 483,000, the revised level for the previous week. The 4-week moving average decreased to 468,500, from the previous week’s revised average of 469,500. Seasonally adjusted insured unemployment from the prior week, ending on 01/30, was 4,538,000, a decrease of 79,000 from the preceding week’s revised level of 4,617,000. Seasonally adjusted insured unemployment rate from the week ending on 01/30, was 3.5%, unchanged from the previous week’s unrevised figure of 3.5%.
Upcoming Releases
Retail Sales (02/12 at 8:30 AM EST)
Business Inventories (02/12 at 10:00 AM EST)
Crude Inventories (02/12 at 10:30 AM EST)
Treasury Budget (02/12 at 2:00 PM EST)
