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American Jobless Claims Up from Previous Week’s Pandemic-Low

August 26, 2021 by Forex Winner Leave a Comment

American Jobless Claims Up from Previous Week’s Pandemic-Low

Source: US Labor Department

US unemployment claims posted slight gains after recording the lowest level since the COVID-19 pandemic hit in the previous week. DXY is up 0.16%, gold is down 0.06%.

  • Seasonally adjusted initial claims in the week ending August 21 climbed 4,000 to 353,000.
  • The previous week’s level was revised 1,000 higher to 349,000. This is the lowest since it stood at 256,000 on March 14, 2020.
  • The four-week moving average fell by 11,500 to 366,500. This is the lowest since March 14, 2020’s 225,500.
  • The advance seasonally adjusted insured unemployment rate for the week ending August 14 was 2.1%, unchanged from the previous week.
  • Insured unemployment was recorded at 2.862 million, down 3,000 from the previous week. This is the lowest since March 14, 2020’s 1.770 million.
  • The largest increases were in Virginia, New Mexico, the District of Columbia, Georgia, and Nevada.
  • The biggest declines were in Texas, Illinois, Kentucky, Michigan, and Massachusetts.

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