Research >> Economics
Weekly Initial Unemployment Claims decrease 14,000 to 385,000
|
In the week ending July 31, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 14,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 400,000 to 399,000. The 4-week moving average was 394,000, a decrease of 250 from the previous week's revised average. The previous week's average was revised down by 250 from 394,500 to 394,250.
The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending July 24, a decrease of 0.3 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 24 was 2,930,000, a decrease of 366,000 from the previous week's revised level. This is the lowest level for insured unemployment since March 14, 2020 when it was 1,770,000. The previous week's level was revised up 27,000 from 3,269,000 to 3,296,000. The 4-week moving average was 3,188,250, a decrease of 109,250 from the previous week's revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week's average was revised up by 6,750 from 3,290,750 to 3,297,500.
Posted: August 5, 2021 Thursday 08:30 AM