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Economy in Brief

Jobless Insurance Claims Ticked Up
by Tom Moeller January 8, 2004

Initial claims for jobless insurance rose a moderate 14,000 last week to 353,000 and reversed virtually all of the prior week's decline which was unrevised. Consensus expectations had been for claims of 350,000.

The four-week moving average of initial claims fell to 350,250 (-12.9% y/y).

Continuing claims for unemployment insurance fell 12,000 and the prior week's increase was revised lower to 51,000.

The insured rate of unemployment was unchanged at 2.6% for the seventh consecutive week.

Unemployment Insurance (000s) 01/03/04 12/27/03 Y/Y 2003 2002 2001
Initial Claims 353.0 339.0 -10.9% 403 404 406
Continuing Claims -- 3,273 -5.6% 3,535 3,575 3,022
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