According to the US Department of Labor, in the week ending August 1, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 38,000 from the previous week’s revised figure of 588,000. The 4-week moving average was 555,250, a decrease of 4,750 from the previous week’s revised average of 560,000.
The advance seasonally adjusted insured unemployment rate was 4.7% for the week ending July 25, unchanged from the prior week’s unrevised rate of 4.7%.
The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 6,310,000, an increase of 69,000 from the preceding week’s revised level of 6,241,000. The 4-week moving average was 6,278,750, a decrease of 148,500 from the preceding week’s revised average of 6,427,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.522 million.