Unemployment Claims Spike
In the week ending August 17, the advance figure for seasonally adjusted initial claims was 336,000, an increase of 13,000 from the previous week’s revised figure of 323,000. The 4-week moving average was 330,500, a decrease of 2,250 from the previous week’s revised average of 332,750.
The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending August 10, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 10 was 2,999,000, an increase of 29,000 from the preceding week’s revised level of 2,970,000. The 4-week moving average was 2,985,750, a decrease of 1,000 from the preceding week’s revised average of 2,986,750.
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