Initial Jobless Claims Declined by 20,000 in Week Ending Sept. 16

Washington, DC, September 21, 2023-In the week ending September 16, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 20,000 from the previous week's revised level, according to the Department of Labor. 

The previous week's level was revised up by 1,000 from 220,000 to 221,000. The four-week moving average was 217,000, a decrease of 7,750 from the previous week's revised average. The previous week's average was revised up by 250 from 224,500 to 224,750.

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending September 9, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 9 was 1,662,000, a decrease of 21,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 1,688,000 to 1,683,000. The four-week moving average was 1,687,000, a decrease of 8,750 from the previous week's revised average. The previous week's average was revised down by 1,250 from 1,697,000 to 1,695,750.