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New unemployment claims fall, Labor Department

28
Mar '08
Seasonally Adjusted Data: In the week ending March 22, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 9,000 from the previous week's revised figure of 375,000. The 4-week moving average was 358,000, an increase of 1,750 from the previous week's revised average of 356,250.

The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending March 15, unchanged from the prior week's revised rate of 2.1 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 15 was 2,845,000, a decrease of 5,000 from the preceding week's revised level of 2,850,000. The 4-week moving average was 2,824,250, an increase of 25,250 from the preceding week's revised average of 2,799,000.

Unadjusted Data: The advance number of actual initial claims under state programs, unadjusted, totaled 312,867 in the week ending March 22, a decrease of 22,827 from the previous week. There were 273,432 initial claims in the comparable week in 2007.

The advance unadjusted insured unemployment rate was 2.4 percent during the week ending March 15, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,246,517, a decrease of 34,209 from the preceding week. A year earlier, the rate was 2.2 percent and the volume was 2,826,536.

Extended benefits were not available in any state during the week ending March 8.


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