Unemployment claims increase

In the week ending July 25, the advance figure for seasonally adjusted initial unemployment claims was 584,000, an increase of 25,000 from the previous week’s revised figure. The four-week moving average was 559,000, a decrease of 8,250 from the previous week’s revised average of 567,250.

The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending July 18, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 18 was 6.197 million, a decrease of 54,000 from the preceding week’s revised level of 6.251 million. The four-week moving average was approximately 6.416 million, a decrease of 131,750 from the preceding week’s revised average.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.497 million.