U.S. jobless claims rises 14K to 262K

Aug. 11, 2022 8:32 AM ETBy: Gaurav Batavia, SA News Editor5 Comments

Man fills in Unemployment benefits application form.

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  • Initial Jobless Claims: +14K to 262K vs. 260K expected and 248K prior (revised from 260K).
  • 4-week moving average of 252,000 down from 247,500 in the previous week.
  • The advance seasonally adjusted insured unemployment rate was 1.0% for the week ended July 30, unchanged from the previous week's unrevised rate.
  • The advance number of actual initial claims under state programs, unadjusted, totaled 203,619 in the week ended Aug. 6, an increase of 7,521 (or 3.8%) from the previous week.
  • The seasonal factors had expected a decrease of 3,223 (or 1.6%) from the prior week. And there were 323.043 initial claims in the comparable week in 2021.
  • Continuing jobless claims of 1.428M vs. 1.407M consensus and 1.420M prior.

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