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