Unemployment Claims Drop

By Staff Writer September 03, 2020

In the week ending August 29, the advance figure for seasonally adjusted initial claims was 881,000, a decrease of 130,000 from the previous week’s revised level. The previous week’s level was revised up by 5,000 from 1,006,000 to 1,011,000. The four-week moving average was 991,750, a decrease of 77,500 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 1,068,000 to 1,069,250. The advance seasonally adjusted insured unemployment rate was 9.1 percent for the week ending August 22, a decrease of 0.8 of a percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 22 was 13,254,000, a decrease of 1,238,000 from the previous week’s revised level. The previous week’s level was revised down by 43,000 from 14,535,000 to 14,492,000. The 4-week moving average was 14,496,250, a decrease of 709,000 from the previous week’s revised average. The previous week’s average was revised down by 10,500 from 15,215,750 to 15,205,250.

The advance unadjusted insured unemployment rate was 9.0 percent during the week ending August 22, a decrease of 0.5 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 13,104,366, a decrease of 764,713 (or -5.5 percent) from the preceding week.

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Last modified on Friday, 04 September 2020 13:39