Unemployment Insurance Weekly Claims Report [08/26/2010]

[mahatmakanejeeves]

Source: Department of Labor, Employment and Training Administration

In the week ending Aug. 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week's revised figure of 504,000. The 4-week moving average was 486,750, an increase of 3,250 from the previous week's revised average of 483,500.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 14, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 14 was 4,456,000, a decrease of 62,000 from the preceding week's revised level of 4,518,000. The 4-week moving average was 4,508,750, a decrease of 28,000 from the preceding week's revised average of 4,536,750.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.001 million.


Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20101170.htm

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473,000 initial claims, a decrease of 31,000 from the previous week's revised figure of 504,000.

5.001 million -- I love the precision, though I suspect it is overdone.

[earthside]

1. The 'Great Recession' endures. n/t

[Dr.Phool]

2. The 504,000 was revised up fromlast weeks reported 500,000.

So this week (before it's revised upward as always)is a 27,000 reduction in last weeks reported.