Unemployment Claims Inch Up From Last Week
Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending September 23, initial jobless claims inched up to a seasonally adjusted level of 204,000. This is an increase of 2,000 from the previous week's revised figure of 202,000 and lower than the forecast of 215,000.
Here is the opening statement from the Department of Labor:
In the week ending September 23, the advance figure for seasonally adjusted initial claims was 204,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 211,000, a decrease of 6,250 from the previous week's revised average. The previous week's average was revised up by 250 from 217,000 to 217,250.