US Weekly Initial Jobless Claims Increase in the Week Ending July 13th

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 243,000 during the week ending Saturday, July 13th. This is an increase of 20,000 from the previous week’s revised level of 223,000 (originally 222,000). The 4-week moving average was 234,750—an increase of 1,000 from the previous week’s revised average of 233,750 (originally 233,500).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending July 6th was 1,867,000. This is an increase of 20,000 from the previous week’s revised total of 1,847,000 (originally 1,852,000) and the highest level since November 27th, 2021, when it was 1,878,000. The 4-week moving average was 1,850,500—an increase of 11,500 from the previous week’s revised average of 1,839,000 (originally 1,840,250)—and the highest average since December 4th, 2021, when it was 1,859,750.

The advanced seasonally adjusted insured unemployment rate was 1.2% for the week ending July 6th, unchanged from the previous week’s unrevised rate.