US Jobless Claims Fall for Second Week, a Sign of Labor Strength

[mahatmakanejeeves]

Last edited Thu Sep 1, 2022, 07:31 AM - Edit history (1)

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US Jobless Claims Fall for Second Week, a Sign of Labor Strength

By Olivia Rockeman
August 25, 2022, 12:35 PM UTC Updated on August 25, 2022, 12:40 PM UTC

Applications for US unemployment insurance fell for the second week, suggesting that employers are holding on to workers despite growing economic uncertainty.

Initial unemployment claims decreased by 2,000 to 243,000 in the week ended Aug. 20, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 252,000 new applications.

{paywall}

[mahatmakanejeeves]

1. From the source:

Last edited Thu Sep 15, 2022, 09:10 AM - Edit history (1)

Program contact Kevin Stapleton is back He was taking some time off two weeks ago.

Yes, I read that stuff.

https://oui.doleta.gov/press/2022/082522.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, August 25, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

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.

{snip}

UNADJUSTED DATA

{snip}

The total number of continued weeks claimed for benefits in all programs for the week ending August 6 was 1,448,533, a decrease of 32,948 from the previous week. There were 12,007,688 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 22-1735-NAT

Program Contacts:
Kevin Stapleton: [phone]
Media Contact: [phone]