Initial Jobless Claims Rose to 280K Last Week, Coming in Below Expectations

(Updated - September 18, 2014 8:32 AM EDT)

Initial Jobless Claims280 K vs 305K Expected

UPDATE - More from the Dept. of Labor:

In the week ending September 13, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 36,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 315,000 to 316,000. The 4-week moving average was 299,500, a decrease of 4,750 from the previous week's revised average. The previous week's average was revised up by 250 from 304,000 to 304,250.

There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending September 6, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 6 was 2,429,000, a decrease of 63,000 from the previous week's revised level. This is the lowest level for insured unemployment since May 19, 2007 when it was 2,417,000. The previous week's level was revised up 5,000 from 2,487,000 to 2,492,000. The 4-week moving average was 2,481,750, a decrease of 18,250 from the previous week's revised average. This is the lowest level for this average since June 23, 2007 when it was 2,477,250. The previous week's average was revised up by 1,250 from 2,498,750 to 2,500,000.

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