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The four-week moving average of initial claims for unemployment insurance rose by 6,750 to 365,750 in the week ended Jan. 5, according to seasonally adjusted numbers released today by the U.S. Department of Labor. The previous week’s reported average was revised to 359,000.
The four-week moving average decreases the volatility of the weekly numbers. Total initial claims for unemployment insurance for the week were 371,000, up 4,000 from the previous week’s revised figure of 367,000.