Jobless Claims Rose by 4K to 353,000 in Third Week of August

Washington, DC, August 26, 2021-In the week ending August 21, the advance figure for seasonally adjusted initial claims was 353,000, an increase of 4,000 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 348,000 to 349,000. The four-week moving average was 366,500, a decrease of 11,500 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised up by 250 from 377,750 to 378,000.