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%.

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