Weekly Unemployment Claims: Down 2K, Beats Forecast

Here is the opening statement from the Department of Labor:

In the week ending August 13, the advance figure for seasonally adjusted initial claims was 250,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised down by 10,000 from 262,000 to 252,000. The 4-week moving average was 246,750, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised down by 2,500 from 252,000 to 249,500.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending from the previous week's unrevised rate. The advance number for seasonally adjusted August 6, unchanged insured unemployment during the week ending August 6 was 1,437,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,428,000 to 1,430,000. The 4-week moving average was 1,413,000, an increase of 13,250 from the previous week's revised average. The previous week's average was revised up by 500 from 1,399,250 to 1,399,750.

This morning's seasonally adjusted 250K new claims, down 2k from the previous week's revised figure, was better than the Investing.com forecast of 265K.

Here is a close look at the data over the decade (with a callout for the past year), which gives a clearer sense of the overall trend.