US Weekly Jobless Claims Increase in the Week Ending July 29th
Unemployment Insurance Weekly Claims
The US Department of Labor reported on Thursday (8-3-23) that the advance figure for seasonally adjusted initial unemployment claims was 227,000 during the week ending Saturday, July 29th. This is an increase of 6,000 from the previous week’s unrevised level of 221,000. The 4-week moving average was 228,250—a decrease of 5,500 from the previous week’s unrevised average of 233,750.
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending July 22nd was 1,700,000. This is an increase of 21,000 from the previous week’s revised level of 1,679,000 (originally reported as 1,690,000). The 4-week moving average was 1,712,250—a decrease of 4,500 from the previous week’s revised level of 1,716,750 (originally reported as 1,719,500).
The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending July 22nd, unchanged from the previous week’s unrevised rate.
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