US Jobless Claims Rise Slightly to 234K

The number of Americans filing for unemployment benefits increased by 2 thousand to 234 thousand in the week ended August 19th from the previous week's unrevised level of 232 thousand. It compares with market expectations of 238 thousand. The 4-week moving average which removes week-to-week volatility went down by 2.750 thousand to 237.750 thousand, the lowest since May.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending August 12, unchanged from the previous week's unrevised rate. 

Continuing claims were unchanged at 1,954,000 during the week ended August 12th. The previous week's level was revised up 1,000 from 1,953,000 to 1,954,000. The 4-week moving average was 1,957,750, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised up by 250 from 1,960,250 to 1,960,500. 

DOL | Joana Taborda |
8/24/2017 12:37:55 PM