4-Week Moving Average Down to 214K
The Labor Department said initial jobless claims came in at a seasonally adjusted 215,000 for the week ending August 24, higher than forecast but still very low. The 4-week moving average came down 500 at 214,500.
The advance seasonally adjusted insured unemployment rate was unchanged at 1.2% for the week ending August 17.
No state was triggered “on” the Extended Benefits program during the week ending August 10.
The highest insured unemployment rates in the week ending August 10 were in New Jersey (2.4), Connecticut (2.2), Puerto Rico (2.2), Pennsylvania (1.9), Rhode Island (1.8), California (1.7), Alaska (1.6), Massachusetts (1.6), Illinois (1.5), and the Virgin Islands (1.5).
The largest increases in initial claims for the week ending August 17 were in Rhode Island (+142), Vermont (+32), South Dakota (+24), Wyoming (+21), and Idaho (+13), while the largest decreases were in California (-5,974), Texas (-1,122), New Jersey (-683), Iowa (-544), and Florida (-500).