Research >> Economics
Weekly Initial Unemployment Claims decrease 14,000 to 340,000
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In the week ending August 28, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 14,000 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 1,000 from 353,000 to 354,000. The 4-week moving average was 355,000, a decrease of 11,750 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 250 from 366,500 to 366,750.
The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending August 21, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 21 was 2,748,000, a decrease of 160,000 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 46,000 from 2,862,000 to 2,908,000. The 4-week moving average was 2,855,000, a decrease of 58,000 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 11,500 from 2,901,500 to 2,913,000.
Posted: September 2, 2021 Thursday 08:30 AM