US: Weekly initial claims was 284,000, a decrease of 14,000 from previous week

Eren Sengezer FXStreet

"In the week ending September 9, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 14,000 from the previous week's unrevised level of 298,000," the US Department of Labor said on Thursday.

Key highlights:

The 4-week moving average was 263,250, an increase of 13,000 from the previous week's unrevised average of 250,250.
This is the highest level for this average since August 13, 2016, when it was 263,250.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending September 2.
The advance number for seasonally adjusted insured unemployment during the week ending September 2 was 1,944,000, a decrease of 7,000 from the previous week's revised level.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending September 2, a decrease of 0.1 percentage point from the prior week.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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