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Sunday, November 29, 2020
HomeNewsEconomyJobless Claims Rise to 220K for Week Ending August 10

Jobless Claims Rise to 220K for Week Ending August 10

U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)
Mr Assange, sporting a long white beard and wagging a finger, shouted "UK must resist" as he was carried out in handcuffs by seven men and hauled into a police van.
U.S. jobless claims graph on a tablet screen. (Photo: AdobeStock)

The Labor Department said initial jobless claims came in at a seasonally adjusted 222,000 for the week ending August 10, missing the forecast. The 4-week moving average came in at 213,750, an increase of 1,000.

PriorPrior RevisedConsensus ForecastForecast RangeActual
Initial Jobless Claims – Level209 K211 K208 K205 K to 218 K220 K

The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending August 3.

No state was triggered “on” the Extended Benefits program during the week ending July 27.

The highest insured unemployment rates in the week ending July 27 were in Puerto Rico (2.5), New Jersey (2.4), Connecticut (2.1), Pennsylvania (1.9), California (1.8), Rhode Island (1.8), Alaska (1.6), Massachusetts (1.6), Illinois (1.5), and New York (1.4).

The largest increases in initial claims for the week ending August 3 were in Washington (+976), New Jersey (+940), Pennsylvania (+898), Texas (+650), and South Carolina (+565), while the largest decreases were in Illinois (-2,809), California (-2,397), Michigan (-685), West Virginia (-127), and New York (-115).

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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