Initial Claims (Jan. 27)

Initial Claims increased to 454,000, for the week ending 01/22, the highest level recorded since late October 2010, against the expected marginal increase to 404,000, after decreasing to 403,000, the revised level for the previous week. The 4-week moving average decreased to 428,750, from the previous week’s revised average of 413,000. Seasonally adjusted insured unemployment from the prior week, ending on 01/15, was 3,991,000, an increase of 94,000 from the preceding week’s revised level of 3,897,000. Seasonally adjusted insured unemployment rate from the week ending on 01/15, was 3.2%, an increase of 0.1% from the prior week’s unrevised figure of 3.1%.

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