American Unemployment Claims Climb to Seven-Week High

Source: Department of Labor

US jobless claims climbed for the third straight week, marking the highest level in seven weeks. DXY is down 0.06%, XAU is up 1.81%.

• The seasonally adjusted initial claims for the week ending September 25 stood at 362,000, up 11,000 from the previous week’s 351,000.
• The latest reading is the highest since claims were recorded at 377,000 at the week ending August 7, 2021.
• The four-week moving average increased by 4,250 to 340,000 from the previous week’s unchanged average of 335,750.
• The adjusted insured unemployment rate was 2.0% for the week ending September 18, down 0.1 percentage points from the previous week.
• Insured unemployment for the week ending September 18 was 2.802 million, down 18,000 from the previous week’s level. This is the lowest since March 21, 2020’s 2.071 million.
• The biggest increases were in California, Virginia, Ohio, Oregon, and Maryland.
• The largest decreases were recorded in Louisiana, New York, Missouri, Oklahoma, and New Mexico.