Unemployment Claims Decrease

By Staff Writer August 06, 2020

 

The U.S Labor Department, in the week ending Aug. 1, announced the advance figure for seasonally adjusted initial unemployment claims was 1,186,000, a decrease of 249,000 from the previous week’s revised level.

The previous week’s level was revised up by 1,000 from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decrease of 31,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 1,368,500 to 1,368,750.

The advance seasonally adjusted insured unemployment rate was 11.0 percent for the week ending July 25, a decrease of 0.6 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 16,107,000, a decrease of 844,000 from the previous week’s revised level.

The previous week’s level was revised down by 67,000 from 17,018,000 to 16,951,000. The 4-week moving average was 16,628,250, a decrease of 413,250 from the previous week’s revised average. The previous week’s average was revised down by 16,750 from 17,058,250 to 17,041,500.

The largest increases in initial claims for the week ending July 25 were in Virginia (+5,020), Nevada (+2,842), Missouri (+2,606), Indiana (+2,218), and New Jersey (+2,141), while the largest decreases were in California (-44,941), Georgia (-37,329), Florida (-17,514), Louisiana (-13,568), and Texas (-11,104).

Rate this item
(0 votes)
Last modified on Friday, 07 August 2020 13:43

Trending News

NIADA President Tedeschi Takes Reins

NIADA President Tedeschi Takes Reins

Sep 23, 2020 Rate: 5.00

AiM Hits Milestone

AiM Hits Milestone

Sep 23, 2020 Rate: 0.00

CDK Installs DMS at Auto Group

CDK Installs DMS at Auto Group

Sep 23, 2020 Rate: 0.00