US Weekly Initial Jobless Claims Drop in the Week Ending September 12

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 196,000 for the week ending Saturday, September 12, a decrease of 10,000 from the previous week’s unrevised level of 206,000. The four-week moving average was 203,250—a decrease of 2,750 from the prior week’s unrevised average of 206,000.

The advance number for seasonally adjusted insured unemployment during the week ending September 5 was 1,730,000, a decrease of 39,000 from the previous week’s revised level of 1,769,000 (originally 1,774,000). The four-week moving average was 1,761,250—a decrease of 16,500 from the prior week’s revised average of 1,777,750 (originally 1,779,000).

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending September 5, down 0.1 percentage points from the previous week’s unrevised rate.