Vision Payroll

According to the US Department of Labor, in the week ending August 29, the advance figure for seasonally adjusted initial claims was 570,000, a decrease of 4,000 from the previous week’s revised figure of 574,000. The 4-week moving average was 571,250, an increase of 4,000 from the previous week’s revised average of 567,250.

The advance seasonally adjusted insured unemployment rate was 4.7% for the week ending August 22, an increase of 0.1 percentage points from the prior week’s unrevised rate of 4.6%.

The advance number for seasonally adjusted insured unemployment during the week ending August 22 was 6,234,000, an increase of 92,000 from the preceding week’s revised level of 6,142,000. The 4-week moving average was 6,216,750, a decrease of 27,250 from the preceding week’s revised average of 6,244,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.602 million.