UPDATE: Initial Jobless Claims 307K vs 300K Expected

Initial Jobless Claims 307K vs 300K Expected

UPDATE - More from the U.S. Dept. of Labor:

In the week ending January 17, the advance figure for seasonally adjusted initial claims was 307,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 316,000 to 317,000. The 4-week moving average was 306,500, an increase of 6,500 from the previous week's revised average. The previous week's average was revised up by 2,000 from 298,000 to 300,000.

There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending January 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 10 was 2,443,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,424,000 to 2,428,000. The 4-week moving average was 2,427,000, an increase of 9,000 from the previous week's revised average. The previous week's average was revised up by 3,500 from 2,414,500 to 2,418,000.

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