MBS MID-DAY: 2/2/2012

In the week ending January 28, the advance figure for seasonally adjusted initial claims was 367,000, a decrease of 12,000 from the previous week’s revised figure of 379,000. The 4-week moving average was 375,750, a decrease of 2,000 from the previous week’s revised average of 377,750.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending January 21, a decrease of 0.1 percentage point from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending January 21, was 3,437,000, a decrease of 130,000 from the preceding week’s revised level of 3,567,000. The 4-week moving average was 3,527,500, a decrease of 43,000 from the preceding week’s revised average of 3,570,500.

Reuters Wires:

JOBLESS CLAIMS FELL TO 367,000 JAN 28 WEEK (CONSENSUS 375,000) FROM 379,000 PRIOR WEEK (PREVIOUS 377,000)

4-WK AVG FELL TO 375,750 JAN 28 WEEK FROM 377,750 PRIOR WEEK (PREVIOUS 377,500)

CONTINUED CLAIMS FELL TO 3.437 MLN (CON. 3.550 MLN) JAN 21 WEEK FROM 3.567 MLN PRIOR WEEK (PREV 3.554 MLN)

INSURED UNEMPLOYMENT RATE FELL TO 2.7 PCT JAN 21 WEEK FROM 2.8 PCT PRIOR WEEK (PREV 2.8 PCT)

CONTINUED CLAIMS LOWEST SINCE 3.428 MLN IN WEEK ENDED SEPT 6, 2008

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/245922.aspx

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