According to the US Department of Labor, in the week ending August 20, the advance figure for seasonally adjusted initial claims was 417,000, an increase of 5,000 from the previous week’s revised figure of 412,000. The 4-week moving average was 407,500, an increase of 4,000 from the previous week’s revised average of 403,500.
Advance Seasonally Adjusted Insured Unemployment Rate Decreases
The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending August 13, a 0.1 percentage point decrease from the prior week’s revised rate of 3.0%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 3,641,000, a decrease of 80,000 from the preceding week’s revised level of 3,721,250. The 4-week moving average was 3,701,000, a decrease of 19,500 from the preceding week’s revised average of 3,720,750.