Research >> Economics
Weekly Initial Unemployment Claims decrease 29,000 to 348,000
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In the week ending August 14, the advance figure for seasonally adjusted initial claims was 348,000, a decrease of 29,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 2,000 from 375,000 to 377,000. The 4-week moving average was 377,750, a decrease of 19,000 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised up by 500 from 396,250 to 396,750.
The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending August 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 7 was 2,820,000, a decrease of 79,000 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 33,000 from 2,866,000 to 2,899,000. The 4-week moving average was 2,998,750, a decrease of 110,500 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 8,250 from 3,101,000 to 3,109,250.
Posted: August 19, 2021 Thursday 08:30 AM