New Jobless Claims Dip, but Still Top 1 Million

New figures from the U.S. Department of Labor show that in the week ending August 1, the advance figure for seasonally adjusted initial claims was 1,186,000, a decrease of 249,000 from the previous week’s revised level.

The report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims.

The previous week’s level was revised up by 1,000 from 1,434,000 to 1,435,000. The four-week moving average was 1,337,75. That showed a decrease of 31,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 1,368,500 to 1,368,750.

Advance seasonally adjusted insured unemployment rate showed 11.0 percent for the week ending July 25, a decrease of 0.6 percentage point from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 16,107,000, a decrease of 844,000 from the previous week’s revised level. The previous week’s level was revised down by 67,000 from 17,018,000 to 16,951,000.

In the U.S., the total number of people claiming benefits across all programs for the week ending July 18 was 32,118,678, an increase of 1,302,816 from the previous week. There were 1,707,267 persons claiming benefits in all programs in the comparable week in 2019. 

The largest increases in initial claims for the week ending July 25 were in five states, including Missouri (+2,606).

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U.S. Department of Labor: Unemployment Insurance Weekly Claims