US Weekly Jobless Claims Decrease for the Week Ending September 16th

The US Department of Labor reported on Thursday (9-21-23) that the advance figure for seasonally adjusted initial unemployment claims was 201,000 during the week ending Saturday, September 16th. This is a decrease of 20,000 from the previous week’s revised level of 221,000 (originally reported as 220,000). The 4-week moving average was 217,500—a decrease of 7,750 from the previous week’s revised average of 224,750 (originally reported as 224,500).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending September 9th was 1,662,000. This is a decrease of 21,000 from the previous week’s revised level of 1,683,000 (originally reported as 1,688,000). The 4-week moving average was 1,687,000—a decrease of 8,750 from the previous week’s revised level of 1,695,750 (originally reported as 1,697,000).

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending September 9th, unchanged from the previous week’s unrevised rate.