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Weekly jobless claims fall below expected totals

Jobless claims fell slightly in the week ending Jan. 23, totaling 847,000 for the week and remaining under the 875,000 claims expected by Dow Jones economists. In total there was a decrease of 67,000 from the previous week’s revised level.

In the week ending January 23, the advance figure for seasonally adjusted initial claims was 847,000, a decrease of 67,000 from the previous week’s revised level.

The previous week’s level was revised up by 14,000 from 900,000 to 914,000. The 4-week moving average was 868,000, an increase of 16,250 from the previous week’s revised average. The previous week’s average was revised up by 3,750 from 848,000 to 851,750.

The advance seasonally adjusted insured unemployment rate was 3.4 percent for the week ending January 16, a decrease of 0.1 percentage point from the previous week’s revised rate.

The previous week’s rate was revised down by 0.1 from 3.6 to 3.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending January 16 was 4,771,000, a decrease of 203,000 from the previous week’s revised level. The previous week’s level was revised down by 80,000 from 5,054,000 to 4,974,000.

The 4-week moving average was 4,998,000, a decrease of 106,750 from the previous week’s revised average. The previous week’s average was revised down by 21,500 from 5,126,250 to 5,104,750.