Work From Home Articles, Small Business News, and Home Business Buzz

388,000 Jobless Claims in December – Lowest jobless claims since july 2008

Posted on: December 31, 2010

In the week ending Dec. 25, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 34,000 from the previous week’s revised figure of 422,000. The 4-week moving average was 414,000, a decrease of 12,500 from the previous week’s revised average of 426,500.

The advance seasonally adjusted insured unemployment rate was 3.3 percent for the week ending Dec. 18, an increase of 0.1 percentage point from the prior week’s unrevised rate of 3.2 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Dec.18 was 4,128,000, an increase of 57,000 from the preceding week’s revised level of 4,071,000. The 4-week moving average was 4,120,000, a decrease of 37,250 from the preceding week’s revised average of 4,157,250.

The advance number of actual initial claims under state programs, unadjusted, totaled 521,834 in the week ending Dec. 25, an increase of 24,879 from the previous week. There were 556,517 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.3 percent during the week ending Dec. 18, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,095,135, a decrease of 85,886 from the preceding week. A year earlier, the rate was 3.9 percent and the volume was 5,088,864.

The total number of people claiming benefits in all programs for the week ending Dec. 4 was 8,866,924.

Read the full Small Business News article at http://www.homebusinessbug.com/388000-jobless-claims-in-december-lowest-since-july-2008-10181/

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