US Jobless Claims Decline for a Third Week to a Two-Month Low

[mahatmakanejeeves]

Markets

US Jobless Claims Decline for a Third Week to a Two-Month Low

By Olivia Rockeman
September 1, 2022, 12:32 PM UTC Updated on September 1, 2022, 12:37 PM UTC

@livrockeman

Applications for US unemployment insurance fell for a third week to a two-month low, suggesting healthy demand for labor even as economic growth moderates.

Initial unemployment claims decreased by 5,000 to 232,000 in the week ended Aug. 27, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 248,000 new applications.

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[mahatmakanejeeves]

1. This is the part where I say, "From the source:".

https://oui.doleta.gov/press/2022/090122.pdf

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, September 1, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 243,000 to 237,000. The 4-week moving average was 241,500, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised down by 1,500 from 247,000 to 245,500.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending August 20, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 20 was 1,438,000, an increase of 26,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,415,000 to 1,412,000. The 4-week moving average was 1,428,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised down by 750 from 1,424,750 to 1,424,000.

{snip}

UNADJUSTED DATA

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The total number of continued weeks claimed for benefits in all programs for the week ending August 13 was 1,438,128, a decrease of 10,407 from the previous week. There were 12,186,219 weekly claims filed for benefits in all programs in the comparable week in 2021.

{snip the rest of the ten-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-1789-NAT

Program Contacts:
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