First time unemployment claims drop to 352,000
Washington, DC, United States (AHN) – Initial unemployment claims dropped to 352,000 during the week ending Jan. 14, their lowest level in nearly four years.
First time claims for jobless benefits dropped by 50,000 from the previous week’s revised tally of 402,000, according to the U.S. Department of Labor.
The less volatile four-week moving average was 379,000, a decrease of 3,500 from the previous week’s revised average of 382,500.
However, the advance seasonally adjusted insured unemployment rate also dropped. Only 2.7 percent of jobless workers were covered by unemployment insurance for the week ending Jan. 7, a decrease of 0.2 percentage point from the prior week’s unrevised rate.
The total number of people claiming benefits in all programs for the week ending Dec. 31, the most recent week for which data is available, was 7,826,665, an increase of 493,566 from the previous week.
The highest insured unemployment rates in the week ending Dec. 31 were:
- Alaska (6.9)
- Connecticut (6.6)
- Oregon (5.0)
- Wisconsin (4.9)
- Pennsylvania (4.7)
- Idaho (4.5)
- Rhode Island (4.5)
- Montana (4.3)
- New Jersey (4.2)
- Arkansas (4.0)
- Illinois (4.0)
- Washington (4.0).
The largest increases in initial claims for the week ending Jan. 7 were:
- New York (+29,389)
- California (+22,168)
- Texas (+13,946)
- North Carolina (+7,865)
- Georgia (+7,225)
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Personal Loans News | admin | January 20, 2012
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