Research >> Economics
Weekly Initial Unemployment Claims Increase 3,000 to 269,000
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In the week ending July 30, the advance figure for seasonally adjusted initial claims was 269,000, an increase of 3,000 from the previous week's unrevised level of 266,000. The 4-week moving average was 260,250, an increase of 3,750 from the previous week's unrevised average of 256,500. There were no special factors impacting this week's initial claims. This marks 74 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 23, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 23 was 2,138,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,139,000 to 2,144,000. The 4-week moving average was 2,141,750, an increase of 5,250 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,135,250 to 2,136,500.
Posted: August 4, 2016 Thursday 08:30 AM