Initial Jobless Claims Fell to 262K Last Week; Estimates Called for 265K Claims

Initial Jobless Claims 262K vs 265K Expected

UPDATE - More from the U.S. Bureau of Labor Statistics:

In the week ending August 13, the advance figure for seasonally adjusted initial claims was 262,000, a decrease of 4,000 from the previous week's unrevised level of 266,000. The 4-week moving average was 265,250, an increase of 2,500 from the previous week's unrevised average of 262,750.

There were no special factors impacting this week's initial claims. This marks 76 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 6, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 6 was 2,175,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,155,000 to 2,160,000. The 4-week moving average was 2,155,000, an increase of 10,750 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,143,000 to 2,144,250.

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