US Weekly Initial Jobless Claims Decline in the Week Ending August 9

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 224,000 for the week ending August 9, a decrease of 3,000 from the previous week’s revised total of 227,000 (originally 226,000). The four-week moving average was 221,750—up 750 from the previous week’s revised average of 221,000 (originally 220,750).

The advance number for seasonally adjusted insured unemployment during the week ending August 2 was 1,953,000, down 15,000 from the previous week’s revised total of 1,968,000 (originally 1,974,000). The four-week moving average was 1,950,750—up 500 from the previous week’s revised average of 1,950,250 (originally 1,951,750).

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending August 2, unchanged from the previous week’s unrevised rate.