“In the week ending February 16, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 23,000 from the previous week’s unrevised level of 239,000,” the U.S. Department of Labor announced on Thursday.
Key takeaways from the press release
- The 4-week moving average was 235,750, an increase of 4,000 from the previous week’s unrevised average of 231,750.
- The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 9, unchanged from the previous week’s unrevised rate.
- The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 1,725,000, a decrease of 55,000 from the previous week’s revised level.
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