This post first appeared on FloatingPath

Initial jobless claims for the week ending 21 were a seasonally adjusted 338k, the U.S. Department of Labor reports. This is a significant decline from the prior two weeks which were 380k and 369k. Not seasonally adjusted, initial jobless claims for the week were 414k.

Initial Jobless Claims

Initial jobless claims fall to 338K

States with statistically significant changes:

The insured unemployment rate was unchanged at a seasonally adjusted 2.2%.

The number of unemployment insurance recipients, or continuing claims, was a seasonally adjusted 2.923 million, an increase from the prior week’s revised level of 2.877 million.

Initial jobless claims fall to 338K