Unemployment Claims Dip

By Staff Writer August 25, 2022 186

In the week ending August 20, the advance figure for seasonally adjusted initial claims was 243,000, a decrease of 2,000 from the previous week’s revised level.

The previous week’s level was revised down by 5,000 from 250,000 to 245,000. The 4-week moving average was 247,000, an increase of 1,500 from the previous week’s revised average.

The previous week’s average was revised down by 1,250 from 246,750 to 245,500. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending August 13, unchanged from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 1,415,000, a decrease of 19,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 1,437,000 to 1,434,000. The 4-week moving average was 1,424,750, an increase of 12,500 from the previous week’s revised average. The previous week’s average was revised down by 750 from 1,413,000 to 1,412,250.

The advance number of actual initial claims under state programs, unadjusted, totaled 184,414 in the week ending August 20, a decrease of 3,039 (or -1.6 percent) from the previous week. The seasonal factors had expected a decrease of 1,958 (or -1.0 percent) from the previous week. There were 298,791 initial claims in the comparable week in 2021.

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Last modified on Thursday, 25 August 2022 22:11