In the week ending August 23, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 235,000 to 234,000. The 4-week moving average was 228,500, an increase of 2,500 from the previous week's revised average. The previous week's average was revised down by 250 from 226,250 to 226,000. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending August 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured ... (full story)

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 229K for the week ending August 23. The latest print fell slightly short of initial estimates (230K) and was lower than the previous week’s 234K (revised from 235K). Additionally, the 4-week moving average increased by 2.5K, bringing it up to 228.50K from the revised average of the previous week. The report indicated a seasonally adjusted insured unemployment rate of 1.3%, with Continuing Jobless Claims shrinking by 7K to 1.954M for the week ending ... (full story)