Weekly Jobless Claims Increase in the Week Ending August 6, 2022

The US Department of Labor is reporting that an additional 262,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, August 6, 2022. This is an increase of 14,000 from the previous week’s revised lower level of 248,000. The 4-week moving average was 252,000—an increase of 4,500 from the previous week’s revised lower average of 247,500.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending July 30, 2022, was 1,428,000. This is an increase of 8,000 from the previous week’s upwardly revised level of 1,420,000. The 4-week moving average was 1,399,250—an increase of 23,750 from the previous week’s revised upward average of 1,375,000.

The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending July 30, 2022, unchanged from the previous week’s unrevised rate.