According to the US Department of Labor, in the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week’s revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week’s revised average of 406,000.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending August 6, unchanged from the prior week’s unrevised rate of 2.9%.
Advance Seasonally Adjusted Insured Unemployment Increases
The advance number for seasonally adjusted insured unemployment during the week ending August 6 was 3,702,000, an increase of 7,000 from the preceding week’s revised level of 3,695,000. The 4-week moving average was 3,716,000, a decrease of 4,500 from the preceding week’s revised average of 3,720,500.