US Weekly Initial Jobless Claims Rise in the Week Ending August 30
Unemployment Insurance Weekly Claims
On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 237,000 for the week ending Saturday, August 30, an increase of 8,000 from the previous week’s unrevised level of 229,000. The four-week moving average was 231,000—an increase of 2,500 from the prior week’s unrevised average of 228,500.
The advance number for seasonally adjusted insured unemployment during the week ending August 23 was 1,940,000, a decrease of 4,000 from the previous week’s revised level of 1,944,000 (originally 1,954,000). The four-week moving average was 1,946,750—a decrease of 7,000 from the prior week’s revised average of 1,953,750 (originally 1,956,250).
The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending August 23, unchanged from the previous week’s unrevised rate.
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