The Department of Labor reports the lack of news this morning in the jobless claims report.
In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The 4-week moving average was 370,250, an increase of 1,500 from the previous week’s revised average of 368,750.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending August 18, unchanged from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending August 18, was 3,316,000, a decrease of 5,000 from the preceding week’s revised level of 3,321,000. The 4-week moving average was 3,321,500, an increase of 9,000 from the preceding week’s revised average of 3,312,500.