Daily News: February 13, 2015

U.S. Jobless Claims Increase by 25,000


In the week ending February 7, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 25,000 from the previous week’s revised level, according to a U.S. Labor Department report. The previous week’s level was revised up by 1,000 from 278,000 to 279,000. The 4-week moving average was 289,750, a decrease of 3,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 292,750 to 293,000.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending January 31, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 31 was 2,354,000, a decrease of 51,000 from the previous week’s revised level. The previous week’s level was revised up 5,000 from 2,400,000 to 2,405,000. The 4-week moving average was 2,404,000, a decrease of 18,500 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 2,421,250 to 2,422,500.

Accord to a related Bloomberg report, the numbers are consistent with progress in the U.S. labor market.

To read the full U.S. Labor Department report, click here.