Initial Weekly Jobless Claims Decline Lowest Level Since July 2008

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

In the week ending Dec. 26, the advance figure for seasonally adjusted initial claims was 432,000, a decrease of 22,000 from the previous week's revised figure of 454,000. The 4-week moving average was 460,250, a decrease of 5,500 from the previous week's revised average of 465,750.
The advance seasonally adjusted insured unemployment rate was 3.8 percent for the week ending Dec. 19, unchanged from the prior week's revised rate of 3.8 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Dec. 19 was 4,981,000, a decrease of 57,000 from the preceding week's revised level of 5,038,000. The 4-week moving average was 5,101,000, a decrease of 122,250 from the preceding week's revised average of 5,223,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.621 million.
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