Initial claims for unemployment insurance decreased to 4,179 for the week ending January 24, 2009, compared to the previous week’s total of 4,527. Initial claims were above the comparable week ending January 26, 2008, figure of 2,694 for last year.
This is the second straight significant decline from a spike of 6,825 during the first full week of January.
The four-week moving average of initial claims increased to 4,605 from the previous week’s average of 4,150.
Continued unemployment insurance weeks claimed decreased to 38,002 for the week ending January 24, 2009, from the previous week’s total of 38,176. Continued weeks claimed were above the comparable week ending January 26, 2008, figure of 23,396 for last year.
The four-week moving average of continued weeks claimed increased to 37,354 from the previous week's average
The increase in the four-week moving averages is driven by the general increase in claims in January, which is typical, and by the spike in the first full week of the month.
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