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

Jobless Claims Long3 600x375 Initial Jobless Claims Slump Back To 338k

States with statistically significant changes:

States4 600x558 Initial Jobless Claims Slump Back To 338k

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

Insured Unemployment Rate2 600x375 Initial Jobless Claims Slump Back To 338k

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.

Unemployment Insurance Recipients2 600x375 Initial Jobless Claims Slump Back To 338k