Vision Payroll

According to the US Department of Labor, in the week ending September 5, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 26,000 from the previous week’s revised figure of 576,000. The 4-week moving average was 570,000, a decrease of 2,750 from the previous week’s revised average of 572,750.

The advance seasonally adjusted insured unemployment rate was 4.6% for the week ending August 29, 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 29 was 6,088,000, a decrease of 159,000 from the preceding week’s revised level of 6,247,000. The 4-week moving average was 6,182,500, a decrease of 37,750 from the preceding week’s revised average of 6,220,250.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.617 million.