US Weekly Jobless Claims Decrease for the Week Ending September 24, 2022

The US Department of Labor is reporting that seasonally adjusted an additional 193,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, September 24, 2022. This is a decrease of 16,000 from the previous week’s revised-lower level of 209,000 (originally reported as 213,000). The 4-week moving average was 207,000—a decrease of 8,750 from the previous week’s revised lowered average of 215,750, originally reported as 216,750.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending September 17, 2022, was 1,347,000; this is a decrease of 29,000 from the previous week’s revised-lower level of 1,376,000 (originally reported as 1,379,000). The 4-week moving average was 1,381,250—a decrease of 22,500 from the previous week’s revised-lower average of 1,403,750 (originally reported as 1,404,750).

The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending September 17, 2022, unchanged from the previous week’s unrevised rate.