Unemployment Decreased 15,000 Week of Jan. 14

In the week ending Jan. 14, 2023, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of 15,000 from the previous week’s unrevised level of 205,000. The four-week moving average was 206,000, a decrease of 6,500 from the previous week’s unrevised average of 212,500.

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending Jan. 7, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending Jan. 7 was 1,647,000, an increase of 17,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 1,634,000 to 1,630,000. The four-week moving average was 1,673,000, a decrease of 5,500 from the previous week’s revised average. The previous week’s average was revised down by 1,000 from 1,679,500 to 1,678,500.