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Unemployment Insurance Weekly Claims
In the week ending August 12, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 11,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 248,000 to 250,000. The 4-week moving average was 234,250, an increase of 2,750 from the previous week's revised average. The previous week's average was revised up by 500 from 231,000 to 231,500. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 5, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for ... (full story)
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U.S. jobless claims applications fall as labor market continues to show resiliency
The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation. Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday. The four-week moving average of claims, which softens some of the week-to-week volatility, rose by 2,750 to 234,250. Jobless claim applications are seen as a proxy for the number of layoffs in a given week. Overall, 1.72 million people were collecting ... (full story)
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