Initial unemployment claims down
In the week ending Sept. 12, the advance figure for seasonally adjusted initial claims was 545,000, a decrease of 12,000 from the previous week’s revised figure of 557,000. The four-week moving average was 563,000, a decrease of 8,750 from the previous week’s revised average of 571,750.
The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending Sept. 5, an increase of 0.1 percentage point from the prior week’s unrevised rate of 4.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Sept. 5 was 6,230,000, an increase of 129,000 from the preceding week’s revised level of 6,101,000. The four-week moving average was 6,180,250, a decrease of 5,500 from the preceding week’s revised average of 6,185,750.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.636 million.