Thursday, December 11, 2008

Initial Unemployment Claims = 573K

From Calculated Risk: Initial Unemployment Claims Increase Sharply to 573 Thousand

In the week ending Dec. 6, the advance figure for seasonally adjusted initial claims was 573,000, an increase of 58,000 from the previous week's revised figure of 515,000. The 4-week moving average was 540,500, an increase of 14,250 from the previous week's revised average of 526,250, the highest since December 1982.

The advance number for seasonally adjusted insured unemployment during the week ending Nov. 29 was 4,429,000, an increase of 338,000 from the preceding week's revised level of 4,091,000.

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