Weekly Jobless Claims Continued to Trend Higher in the Week Ending July 16, 2022

The U.S. Department of Labor is reporting that an additional 251,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, July 16, 2022. This is an increase of 7,000 from the previous week’s unrevised level of 244,000. The 4-week moving average was 240,500—an increase of 4,500 from the previous week’s revised average of 236,000.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending July 9, 2022, was 1,384,000. This is an increase of 51,000 from the previous week’s revised level. The 4-week moving average was 1,353,250—an increase of 13,250 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending July 9, 2022, an increase of 0.1 percentage point from the previous week’s unrevised rate.


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