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September 30, 2010

Initial Jobless Claims Down 16K

In the week ending Sept. 25, 453,000 Americans filed claims for unemployment insurance coverage for the first time, the U.S. Department of Labor said.

That's a decrease of 16,000 from the previous week's revised figure of 469,000. The 4-week moving average was 458,000, a decrease of 6,250 from the previous week.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 18, a decrease of 0.1 percentage point from the prior week.

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