The US Department of Labor is reporting that an additional 260,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, July 30, 2022. This is an increase of 6,000 from the previous week’s revised-lower level of 254,000. The 4-week moving average was 254,750—an increase of 6,000 from the previous week’s revised lower average of 248,750.
The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending July 23, 2022, was 1,416,000—an increase of 48,000 from the previous week’s upwardly revised level. The 4-week moving average was 1,375,250—an increase of 11,000 from the previous week’s revised upward average.
The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending July 23, 2022, unchanged from the previous week’s unrevised rate.
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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS