US jobless claims dip for first time in 3 weeks

The number of US claims filed for unemployment benefits declined for the week ended Aug. 9, after rising for two weeks in a row, signaling continued labor market resilience.

 

Initial jobless claims decreased by 3,000 to 224,000 during the week, the US Department of Labor said today, Aug. 14.

 

This came against expectations of a rise to 228,000 from the previous week’s revised figure of 227,000.

 

The four-week moving average of jobless claims rose by 750 to 221,750, compared to the previous week’s upwardly revised average of 221,000 (+250).

 

US Weekly Jobless Claims

Item  

Last Year

Last Week

Current Week

Change

Initial Claims (‘000)

228.0

227.0

224.0

(3)

4-Week Average (‘000)

236.5

221.00

221.75

0.75

Number of Beneficiaries (mln)

1.863

1.968

1.953

(0.015)
 

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