Initial Jobless Claims Rose by 6,000 in Week Ending July 29
Washington, DC, August 3, 2023-In the week ending July 29, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 6,000 from the previous week's unrevised level of 221,000, according to the Department of Labor.
The four-week moving average was 228,250, a decrease of 5,500 from the previous week's unrevised average of 233,750.
The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending July 22, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 22 was 1,700,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 11,000 from 1,690,000 to 1,679,000. The four-week moving average was 1,712,250, a decrease of 4,500 from the previous week's revised average. The previous week's average was revised down by 2,750 from 1,719,500 to 1,716,750.