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.
|Prior||Prior Revised||Consensus Forecast||Forecast Range||Actual|
|Initial Jobless Claims – Level||209 K||211 K||208 K||205 K to 218 K||220 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).