Weekly Unemployment Insurance Clains Increase

More bad news for the job section of our economy. The DOL reports on weekly unemployment insurance claims:

In the week ending Jan. 17, the advance figure for seasonally adjusted initial claims was 589,000, an increase of 62,000 from the previous week’s revised figure of 527,000. The 4-week moving average was 519,250, unchanged from the previous week’s revised average of 519,250.

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