Weekly Initial Unemployment Claims decrease to 221,000

The DOL reported : In the week ending February 3, the advance figure for seasonally adjusted initial claims was 221,000 , a decrease of 9,000 from the previous week's unrevised level of 230,000. The 4-week moving average was 224,500, a decrease of 10,000 from the previous week's unrevised average of 234,500. This is the lowest level for this average since March 10, 1973 when it was 222,000. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal . emphasis added The previous week was unrevised. The following graph shows the 4-week moving average of......(read more)

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