Research >> Economics
Weekly Initial Unemployment Claims Decrease 1,000 to 266,000
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In the week ending August 6, the advance figure for seasonally adjusted initial claims was 266,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 269,000 to 267,000. The 4-week moving average was 262,750, an increase of 3,000 from the previous week's revised average. The previous week's average was revised down by 500 from 260,250 to 259,750. There were no special factors impacting this week's initial claims. This marks 75 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 30 was 2,155,000, an increase of 14,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,138,000 to 2,141,000. The 4-week moving average was 2,143,000, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 750 from 2,141,750 to 2,142,500.
Posted: August 11, 2016 Thursday 08:30 AM