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Posted by: thepinetree on 10/19/2017 08:36 AM Updated by: thepinetree on 10/19/2017 08:37 AM
Expires: 01/01/2022 12:00 AM
:

Jobless Claims Lowest Since March 31, 1973

Washington, DC...In the week ending October 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week's revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The previous week's level was revised up by 1,000 from 243,000 to 244,000. The 4-week moving average was 248,250, a decrease of 9,500 from the previous week's revised average. The previous week's average was revised up by 250 from 257,500 to 257,750. Claims taking procedures continue to be severely disrupted in Puerto Rico and the Virgin Islands as a result of power outages and infrastructure damage caused by Hurricanes Irma and Maria.



The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending October 7, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.3 to 1.4 percent. The advance number for seasonally adjusted insured unemployment during the week ending October 7 was 1,888,000, a decrease of 16,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 15,000 from 1,889,000 to 1,904,000. The 4-week moving average was 1,906,000, a decrease of 22,750 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. The previous week's average was revised up by 3,750 from 1,925,000 to 1,928,750.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2017-10-19 08:49:19   By: Anonymous
 
Well, now it's clear. Trump is slow-walking the recovery in Puerto Rico so that the unemployed people there can not file claims. Makes the statistic look good and it prevents wasting money on "those people."

[Reply ]

    Re:
    Posted on: 2017-10-19 10:12:24   By: Anonymous
     
    Is Puerto Rico even included in those statistics in the first place?

    [Reply ]

      Re:
      Posted on: 2017-10-19 10:29:44   By: Anonymous
       
      It is implied by last sentence of first paragraph.

      [Reply ]


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