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Economy in Brief

Initial Jobless Insurance Claims Remain Low
by Tom Moeller November 10, 2005

A 2,000 increase in initial claims for unemployment insurance to 326,000 reversed only a piece of the prior week's revised 6,000 decline. Consensus expectations had been for 323,000 claims.

The four-week moving average of initial claims fell sharply to 334,250 (-0.3% y/y).

Continuing claims for unemployment insurance rose 23,000 following a downwardly revised 72,000 drop during the prior week.

The insured rate of unemployment remained at 2.2% for the seventh week.

Unemployment Insurance (000s) 11/05/05 10/29/05 Y/Y 2004 2003 2002
Initial Claims 326 324 -1.5% 343 402 404
Continuing Claims -- 2,818 0.8% 2,926 3,531 3,570
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