According to the US Department of Labor, in the week ending August 28, the advance figure for seasonally adjusted initial claims was 472,000, a decrease of 6,000 from the previous week’s revised figure of 478,000. The 4-week moving average was 485,500, a decrease of 2,500 from the previous week’s revised average of 488,000.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.5% for the week ending August 21, unchanged from the prior week’s unrevised rate of 3.5%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending August 21 was 4,456,000, a decrease of 23,000 from the preceding week’s revised level of 4,479,000. The 4-week moving average was 4,485,250, a decrease of 28,500 from the preceding week’s revised average of 4,513,750.
Seasonally Adjusted Weekly Insured Unemployment
The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 4.994 million.