Weekly Initial Jobless Claims Increase To 311k

Initial jobless claims for the week ending August 9 were a seasonally adjusted 311k, up from the prior week’s revised reading of 290k. Not seasonally adjusted, jobless claims for the week were 269k.

Jobless Claims

The 4-week moving average of initial jobless claims is 296k. This is nearing historic lows.

Jobless Claims 4W

The insured unemployment rate was 1.9%, unchanged from the week prior.

Insured Unemployment

The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.544 million, up from the previous week’s revised reading of 2.519 million.

Unemployment Insurance

Individual states that had changes in claims of more than 1k (not seasonally adjusted):

States

Jobless claims and the unemployment rate:

Labor Market

Weekly Initial Jobless Claims Decline To 289k

Initial jobless claims for the week ending August 2 were a seasonally adjusted 289k, down from the prior week’s revised reading of 303k. Not seasonally adjusted, jobless claims for the week were 247k.

Jobless Claims

The 4-week moving average of initial jobless claims is 294k. This is nearing historic lows.

Jobless Claims Average

The insured unemployment rate was 1.9%, unchanged from the week prior.

Insured Unemployment Rate

The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.518 million, down from the previous week’s revised reading of 2.542 million.

Recipients

Individual states that had changes in claims of more than 1k (not seasonally adjusted):

States

Jobless claims and the unemployment rate:

Labor Market