US Weekly Jobless Claims Decrease for the Week Ending February 11th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 194,000 during the week ending on Saturday, February 11th. This is a decrease of 1,000 from the previous week’s revised level of 195,000 (originally reported as 196,000). The 4-week moving average was 189,500—an increase of 500 from the previously week’s revised level of 189,000 (originally reported as 189,250).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending February 4th was 1,696,000. This is an increase of 16,000 from the previous week’s revised level of 1,680,000 (originally reported as 1,688,000). The 4-week moving average was 1,673,000—an increase of 10,250 from the previous week’s revised level of 1,662,750 (originally reported as 1,6664,750).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending February 4th, unchanged from the previous week’s unrevised rate.