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U.S. unemployment claims rise sharply

In the week ending Jan. 16, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 482,000, an increase of 36,000 from the previous week’s revised figure. The four-week moving average was 448,250, an increase of 7,000 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 9, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending Jan. 9 was 4.599 million, a decrease of 18,000 from the preceding week’s revised level. The four-week moving average was approximately 4.751 million, a decrease of 109,750 from the preceding week’s revised average.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.412 million.

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