Weekly jobless claims spike



For the first time in a month, weekly unemployment claims rose, showing an increase of 13,000 for the week ending Feb. 13. The four-week moving average, however, did show a small decrease of 3,500 from the previous week’s revised average.

In the week ending February 13, the advance figure for seasonally adjusted initial claims was 861,000, an increase of 13,000 from the previous week’s revised level.

Last week’s level was revised up by 55,000 from 793,000 to 848,000. The 4-week moving average was 833,250, a decrease of 3,500 from the previous week’s revised average.

The previous week’s average was revised up by 13,750 from 823,000 to 836,750. 

Advance seasonally adjusted insured unemployment rate was 3.2 percent for the week ending Feb. 6, unchanged from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending Feb. 6 was 4,494,000, a decrease of 64,000 from the previous week’s revised level.

Last week’s level was revised up 13,000 from 4,545,000 to 4,558,000. The 4-week moving average was 4,632,000, a decrease of 120,250 from the previous week’s revised average, and the previous week’s average was revised up by 3,500 from 4,748,750 to 4,752,250.