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Economy in Brief

Initial Claims for Jobless Insurance Rose Again
by Tom Moeller May 11, 2006

Initial unemployment insurance claims fell 1,000 last week to 324,000 after an upwardly revised 9,000 increase during the prior week. Consensus expectations had been for 315,000 claims.

The four week moving average of initial claims rose to 317,250 (-3.9% y/y).

Continuing claims for unemployment insurance dropped a sharp 49,000 and followed a downwardly revised no change during the prior week.

The insured unemployment rate slipped to 1.8% from 1.9% where it's been since early February.

Unemployment Insurance (000s) 05/06/06 04/29/06 Y/Y 2005 2004 2003
Initial Claims 324 325 -4.4% 332 343 403
Continuing Claims -- 2,392 -8.6% 2,663 2,923 3,530
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