According to the US Department of Labor, in the week ending August 27, the advance figure for seasonally adjusted initial claims was 409,000, a decrease of 12,000 from the previous week’s revised figure of 421,000. The 4-week moving average was 410,250, an increase of 1,750 from the previous week’s revised average of 408,500.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 3.0% for the week ending August 20, unchanged 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 20 was 3,735,000, a decrease of 18,000 from the preceding week’s revised level of 3,753,000. The 4-week moving average was 3,726,000, a decrease of 3,250 from the preceding week’s revised average of 3,729,250.