Weekly Unemployment Claims Back Above One Million
A week after initial unemployment claims fell below one million per week for the first time in five months, claims once again jumped over a million for the week ending August 15. According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,106,000, an increase of 135,000 from last week's revised level. The previous week's level was revised up by 8,000 for a total of 971,000. The 4-week moving average was 1,175,750, a decline of 79,000 from the week prior.
For the week ending August 8, the adjusted insured unemployment rate was 10.2%, a decrease of 0.4 percentage point from the previous week's unrevised rate. The 4-week moving average was 15,842,250, a decrease of...
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