Thursday, August 18, 2011

US jobless claim up by 9,000 last week

KUALA LUMPUR: Initial jobless claims in the US for the week ended August 13 rose by 9,000 to 408,000 from the previous week's revised figure of 399,000, according to US Department of Labor (DOL).

In a statement on its website on Thursday, Aug 18, the DOL said the 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,000.

The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending August 6, unchanged from the prior week's unrevised rate of 2.9%, it said.

Meanwhile, the DOL said the advance number for seasonally adjusted insured unemployment during the week ending August 6 was 3.7 million, an increase of 7,000 from the preceding week's revised level of 3.69 million.

The 4-week moving average was 3.72 million, or down 4,500 from the preceding week's revised average, it said.

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