U.S. jobless claims rise to 260,000, matching analyst estimates

Aug. 04, 2022 8:41 AM ETBy: Gaurav Batavia, SA News Editor12 Comments

Man fills in Unemployment benefits application form.

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  • Initial Jobless Claims: +6K to 260K vs. 260K expected and 254K prior (revised from 256K).
  • 4-week moving average of 254,750 rose from 248,750 in the previous week.
  • The advance seasonally adjusted insured unemployment rate was 1.0% for the week ended July 23, unchanged from the previous week's unrevised rate.
  • The advance number of actual initial claims under state programs, unadjusted, totaled 205,587 in the week ended July 30, a decrease of 9,825 (or 4.6%) from the previous week.
  • The seasonal factors had expected a decrease of 14,242 (or 6.6%) from the prior week. And there were 325,715 initial claims in the comparable week in 2021.
  • Continuing jobless claims of 1.416M vs. 1.370M consensus and 1.368M prior.

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