The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending January 6, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 6 was 1,952,000, an increase of 76,000 from the previous week's revised level. The 4-week moving average was 1,921,000, an increase of 4,000 from the previous week's revised average.
Unemployment Claims decreased to 220,000
In the week ending January 13, the advance figure for seasonally adjusted initial claims was 220,000, a decrease of 41,000 from the previous week's unrevised level of 261,000. This is the lowest level for initial claims since February 24, 1973 when it was 218,000. The 4-week moving average was 244,500, a decrease of 6,250 from the previous week's unrevised average of 250,750.
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