Vision Payroll

According to the US Department of Labor, in the week ending August 22, the advance figure for seasonally adjusted initial claims was 570,000, a decrease of 10,000 from the previous week’s revised figure of 580,000. The 4-week moving average was 566,250, a decrease of 4,750 from the previous week’s revised average of 571,000.

The advance seasonally adjusted insured unemployment rate was 4.6% for the week ending August 15, a decrease of 0.1 percentage points from the prior week’s unrevised rate of 4.7%.

The advance number for seasonally adjusted insured unemployment during the week ending August 15 was 6,133,000, a decrease of 119,000 from the preceding week’s revised level of 6,252,000. The 4-week moving average was 6,241,750, a decrease of 27,000 from the preceding week’s revised average of 6,268,750.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.583 million.