Weekly Initial Jobless Claims Increase To 302k first appeared on Floating Path.

Initial jobless claims for the week ending August 30 were a seasonally adjusted 302k, up from the prior week’s revised reading of 298k. Not seasonally adjusted, jobless claims for the week were 249k.

Initial Jobless Claims

The 4-week moving average of initial jobless claims is 303k.

Jobless Claims

The insured unemployment rate was 1.9%, unchanged from the week prior.

unemployment rate

The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.464 million, down from the previous week’s revised reading of 2.528 million and the lowest since June 2007.

unemployment rate

Individual states that had changes in claims of more than 1k (not seasonally adjusted):

Jobless Claims

Jobless claims and the unemployment rate:

Labor market