According to the US Department of Labor, in the week ending August 8, the advance figure for seasonally adjusted initial claims was 558,000, an increase of 4,000 from the previous week’s revised figure of 554,000. The 4-week moving average was 565,000, an increase of 8,500 from the previous week’s revised average of 556,500.
The advance seasonally adjusted insured unemployment rate was 4.7% for the week ending August 1, a decrease of 0.1 percentage points from the prior week’s revised rate of 4.8%.
The advance number for seasonally adjusted insured unemployment during the week ending August 1 was 6,202,000, a decrease of 141,000 from the preceding week’s revised level of 6,343,000. The 4-week moving average was 6,259,250, a decrease of 27,750 from the preceding week’s revised average of 6,287,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.548 million.