According to the US Department of Labor, in the week ending July 16, the advance figure for seasonally adjusted initial claims was 418,000, an increase of 10,000 from the previous week’s revised figure of 408,000. The 4-week moving average was 421,250, a decrease of 2,750 from the previous week’s revised average of 424,000.
Advance Seasonally Adjusted Insured Unemployment Rate Decreases
The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending July 9, a 0.1 percentage point decrease from the prior week’s unrevised rate of 3.0%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending July 9 was 3,698,000, a decrease of 50,000 from the preceding week’s revised level of 3,748,000. The 4-week moving average was 3,720,500, a decrease of 4,000 from the preceding week’s revised average of 3,724,500.