US Weekly Initial Jobless Claims Drop in the Week Ending September 13

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 231,000 for the week ending Saturday, September 13, a decrease of 33,000 from the previous week’s revised level of 264,000 (originally 263,000). The four-week moving average was 240,000—a decrease of 750 from the prior week’s revised average of 240,750 (originally 240,500).

The advance number for seasonally adjusted insured unemployment during the week ending September 6 was 1,920,000, a decrease of 7,000 from the previous week’s revised level of 1,927,000 (originally 1,939,000). The four-week moving average was 1,932,500—a decrease of 10,250 from the prior week’s revised average of 1,942,750 (originally 1,945,750).

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending September 6, unchanged from the previous week’s unrevised rate.