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September 23, 2010

First-Time Jobless Claims Rise To 465K

In the week ending Sept. 18, 465,000 Americans filed claims for unemployment insurance coverage for the first time, according to the U.S. Department of Labor.

That's an increase of 12,000 from the previous week's revised figure of 453,000.The 4-week moving average was 463,250, a decrease of 3,250 from the previous week.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 11, a decrease of 0.1 percentage point from the prior week.

The number of insured unemployed people during the week ending Sept. 11 was 4,489,000, a decrease of 48,000 from the preceding week's revised level of 4,537,000.

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