Department of Labor Reports Seasonally Adjusted Unemployment Claims Up, 4-Week Moving Average Down

The Department of Labor issued a report today showing an increase in seasonally adjusted initial unemployment compensation claims, a decrease in the 4-week moving average for initial claims, and a continued trend of increases in ongoing claims.

In the week ending April 18, the advance figure for seasonally adjusted initial unemployment compensation claims was 640,000, an increase of 27,000 from the previous week's revised figure of 613,000. The 4-week moving average was 646,750, a decrease of 4,250 from the previous week's unrevised average of 651,000.

The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending April 11, an increase of 0.1 percentage points from the prior week's unrevised rate of 4.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 11 was 6,137,000, an increase of 93,000 from the preceding week's revised level of 6,044,000. The 4-week moving average was 5,944,000, an increase of 142,500 from the preceding week's revised average of 5,801,500.

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