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News Link • Economy - Economics USA

Initial Jobless Claims Come In Worse Than Expected: What Recession?

• Businessinsider.com/
 
Initial jobless claims for the week ending September 18th were 460,000, which was higher than the 450,000 figure expected. DOL: In the week ending Sept. 11, the advance figure for seasonally adjusted initial claims was 450,000, a decrease of 3,000 from the previous week's revised figure of 453,000. The 4-week moving average was 464,750, a decrease of 13,500 from the previous week's revised average of 478,250. The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 4, 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 Sept. 4 was 4,485,000, a decrease of 84,000 from the preceding week's revised level of 4,569,000. The 4-week moving average was 4,503,000, a decrease of 7,500 from the preceding week's revised average of 4,510,500.

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