Initial Jobless Claims Declined by 9,000 in Week Ending July 15

Washington, DC, July 20, 2023-In the week ending July 15, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 9,000 from the previous week’s unrevised level of 237,000, according to the Department of Labor. 

The four-week moving average was 237,500, a decrease of 9,250 from the previous week’s unrevised average of 246,750.

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending July 8, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 8 was 1,754,000, an increase of 33,000 from the previous week’s revised level. The previous week’s level was revised down by 8,000 from 1,729,000 to 1,721,000. The four-week moving average was 1,731,500, a decrease of 1,750 from the previous week’s revised average. The previous week’s average was revised down by 2,000 from 1,735,250 to 1,733,250.