US Weekly Jobless Claims Increase for the Week Ending February 4th
Unemployment Insurance Weekly Claims
The US Department of Labor reports that the advance figure for seasonally adjusted initial unemployment claims was 196,000 during the week ending on Saturday, February 4, 2023. This is an increase of 13,000 from the previous week’s unrevised level of 183,000. The 4-week moving average was 189,250—a decrease of 2,500 from the previously week’s unrevised level of 191,750.
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending January 28, 2023, was 1,688,000. This is an increase of 38,000 from the previous week’s revised level of 1,650,000 (originally reported as 1,655,000). The 4-week moving average was 1,664,750—an increase of 14,500 from the previous week’s revised level of 1,650,250 (originally reported as 1,651,500).
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending January 28, 2023, an increase of 0.1% from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.