The US Department of Labor is reporting that, seasonally adjusted, an additional 213,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, September 10, 2022. This is a decrease of 5,000 from the previous week’s revised-lower level of 218,000 (originally reported as 222,000). The 4-week moving average was 224,000—a decrease of 8,000 from the previous week’s revised-lower average of 232,000 (originally reported as 233,000).
The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending September 3, 2022, was 1,403,000. This is an increase of 2,000 from the previous week’s revised-lower level of 1,401,000 (originally reported as 1,473,000). The 4-week moving average was 1,413,250—a decrease of 7,750 from the previous week’s revised-lower average of 1,421,000 (originally reported as 1,439,000).
The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending September 3, 2022, unchanged from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.