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Economy in Brief

Initial Claims for Jobless Insurance Inched Up
by Tom Moeller December 15, 2005

Initial claims for unemployment insurance inched up 1,000 to 329,000 last week following a little revised 7,000 increase the prior week. Consensus expectations had been for 320,000 claims.

Hurricane related claims dropped to 3,000 and brought the total of the three storms during the last fifteen weeks to 603,000.

The four-week moving average of initial claims rose slightly to 328,750 (-1.9% y/y).

Continuing unemployment insurance claims rose 21,000 following a revised 156,000 decline the prior week which was deeper than initially reported.

The insured rate of unemployment was stable at 2.0%.

Unemployment Insurance (000s) 12/10/05 12/03/05 Y/Y 2004 2003 2002
Initial Claims 329 328 2.5% 343 402 404
Continuing Claims -- 2,606 -5.2% 2,926 3,531 3,570
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