Thursday, March 15, 2012

U.S. weekly jobless claims drop 14,000 to 351,000


In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week's revised figure of 365,000. 

The 4-week moving average was 355,750, unchanged from the previous week's revised average of 355,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 3, a decrease of 0.1 percentage point from the prior week's unrevised rate of 2.7 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Mach 3, was 3,343,000, a decrease of 81,000 from the preceding week's revised level of 3,424,000. The 4-week moving average was 3,394,250, a decrease of 25,250 from the preceding week's revised average of 3,419,500.

All American Investor

The advance number of actual initial claims under state programs, unadjusted, totaled 337,713 in the week ending March 10, a decrease of 30,719 from the previous week. There were 371,721 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 3.0 percent during the week ending March 3, a decrease of 0.2 percentage point from the prior week's revised rate of 3.2 percent. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,841,622, a decrease of 147,268 from the preceding week. A year earlier, the rate was 3.4 percent and the volume was 4,296,805.

The total number of people claiming benefits in all programs for the week ending February 25 was 7,424,040, an increase of 36,392 from the previous week.

Read the complete report -- UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

Subscribe to All American Investor
Enter Your Email Address



Original content Bob DeMarco, All American Investor