Initial unemployment insurance claims ticked up slightly last week, according to the U.S. Department of Labor.
In the week ending Saturday, the advance figure for seasonally adjusted initial claims was 302,000, an increase of 23,000, or about 8 percent, from the previous week’s revised level, according to a news release.
The previous week’s level was revised down by 5,000 from 284,000 to 279,000, Labor said. The four-week moving average was 297,250, a decrease of 3,500 from the previous week’s revised average. This is the lowest level for this average since April 15, 2006, when it was 296,000, according to Labor. The previous week’s average was revised down by 1,250 from 302,000 to 300,750.