Initial Claims (Feb. 10)

Initial Claims decreased to 383,000, for the week ending 02/05, the lowest level since July 2008 and lower than the expected decrease to 408,000, after increasing to 419,000, the revised level for the previous week. The 4-week moving average decreased to 415,000, from the previous week’s revised average of 431,500. Seasonally adjusted insured unemployment from the prior week, ending on 01/29, was 3,888,000, a decrease of 47,000 from the preceding week’s revised level of 3, 935,000. Seasonally adjusted insured unemployment rate from the week ending on 01/29, was 3.1%, unchanged from the previous week’s unrevised figure of 3.1%.

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.