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U.S. unemployment claims plummet

In the week ending Feb. 6, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 440,000, a decrease of 43,000 from the previous week’s revised figure. The four-week moving average was 468,500, a decrease of 1,000 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 30, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending Jan. 30 was 4.538 million, a decrease of 79,000 from the preceding week’s revised level. The four-week moving average was approximately 4.603 million, a decrease of 17,750 from the preceding week’s revised average.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.322 million.

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