UNEMPLOYMENT WEEKLY CLAIMS REPORT

Weekly unemployment claims:

• 654,000 down from a revised 674,000 (revised down 20,000)
• Four week moving average 657,200 (down 750)

Down a bit, but still high on a historic basis.

Department of Labor

In the week ending April 4, the advance figure for seasonally adjusted initial claims was 654,000, a decrease of 20,000 from the previous week's revised figure of 674,000. The 4-week moving average was 657,250, a decrease of 750 from the previous week's revised average of 658,000.

The advance seasonally adjusted insured unemployment rate was 4.4 percent for the week ending March 28, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.3 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 28 was 5,840,000, an increase of 95,000 from the preceding week's revised level of 5,745,000. The 4-week moving average was 5,647,500, an increase of 146,750 from the preceding week's revised average of 5,500,750.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.753 million.

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