Weekly Unemployment Claims Report: August 17, 2024
The U.S. Department of Labor reported an increase in initial unemployment claims for the week ending August 17, 2024. The seasonally adjusted initial claims rose by 4,000 to 232,000 from the previous week’s revised level of 228,000. This increase signals slight cooling in the labor market as the economy navigates ongoing uncertainties.
Key Data Insights
- Initial Claims: The seasonally adjusted initial claims figure of 232,000 marks a 4,000 increase from the prior week. The previous week’s figure was revised upward by 1,000 claims, from 227,000 to 228,000. This change reflects minor adjustments in reporting but underscores a steady level of jobless claims.
- 4-Week Moving Average: The 4-week moving average, a more stable measure, decreased slightly by 750 to 236,000. The prior week’s…
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