Unemployment claims dip
In the week ending Aug. 22, the advance figure for seasonally adjusted initial claims was 570,000, a decrease of 10,000 from the previous week’s revised figure of 580,000. The four-week moving average was 566,250, a decrease of 4,750 from the previous week’s revised average of 571,000.
The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Aug. 15, a decrease of 0.1 percentage point from the prior week’s unrevised rate of 4.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Aug. 15 was 6,133,000, a decrease of 119,000 from the preceding week’s revised level of 6,252,000. The four-week moving average was 6,241,750, a decrease of 27,000 from the preceding week’s revised average of 6,268,750.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.583 million.