Research >> Economics
Weekly Initial Unemployment Claims decrease 12,000 to 375,000
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In the week ending August 7, the advance figure for seasonally adjusted initial claims was 375,000, a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 385,000 to 387,000. The 4-week moving average was 396,250, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 500 from 394,000 to 394,500.
The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending July 31, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 2.1 to 2.2 percent. The advance number for seasonally adjusted insured unemployment during the week ending July 31 was 2,866,000, a decrease of 114,000 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 50,000 from 2,930,000 to 2,980,000. The 4-week moving average was 3,101,000, a decrease of 99,750 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 12,500 from 3,188,250 to 3,200,750.
Posted: August 12, 2021 Thursday 08:30 AM