10 May 2001, 16:33 US Jobless Claims-OVERVIEW
--US new jobless claims -41,000 at 384,000 in latest week
--US new jobless claims 4-week average -3,000 at 402,500
--US jobless claiming benefits +56,000 at 2.727 million
--US jobless benefits 4-week average +43,250 at 2,639,750
Washington, May 10 (BridgeNews) - New claims for U.S. state
unemployment insurance benefits unexpectedly fell 41,000, to 384,000,
during the week ended Saturday, wiping out an increase of 36,000 over the
past two weeks, the U.S.
Labor Department said. Initial claims in the latest week were well below
the 420,000 median estimate of analysts surveyed by BridgeNews. The 4-week
moving average fell 3,000 to 402,500.
* * *
Analysts surveyed by BridgeNews put initial jobless claims for the
latest week in a range of 410,000 to 425,000.
A Labor Department aide was unable to offer an explanation for the
sharp decline in claims in the latest week.
For the week ended April 28, initial claims rose 13,000 to a
seasonally adjusted 425,000, originally reported as 421,000, Labor said.
For the same week, the 4-week moving average for new claims was 405,500,
originally 404,500 per week.
In new data for the week ended April 28, 2.727 million people were
reported claiming unemployment benefits under regular state programs, the
highest since the week of June 18, 1994 and up 56,000 from the previous
week's revised 2.671 million, Labor said. The four-week moving average for
the week for continuing claims rose 43,250, to 2,639,750, the highest
level since the week of April 13, 1996.
The seasonally adjusted rate of insured unemployment during the week
ended April 28 held steady at 2.1%. The ratio represents people claiming
benefits as a percentage of the workforce potentially eligible for these
benefits.
Data on continuing claims and the insured unemployment rate are
reported with a one-week delay. End
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