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Jobless Claims Average Rises by 7,500

November 29 2012

The four-week moving average of initial claims for unemployment insurance rose by 7,500 to a level of 405,250 in the week ended Nov. 24, according to seasonally adjusted numbers released today by the U.S. Department of Labor. The previous week’s reported average was revised upward to 397,750.

The four-week average decreases the volatility of the weekly numbers. Total initial claims for unemployment insurance for the week were 393,000, down 23,000 from the previous week’s revised figure of 416,000.

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