Weekly Unemployment Claims: Up 5K, Beats Forecast

Here is the opening statement from the Department of Labor:

In the week ending September 17, the advance figure for seasonally adjusted 5,000 from the previous week's revised level. The previous week's lev initial claims was 213,000, an increase of el was revised down by 5,000 from 213,000 to 208,000. The 4-week moving average was 216,750, a decrease of 6,000 from the previous week's revised average. The previous week's average was revised down by 1,250 from 224,000 to 222,750.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 10 was 1,379,000, a decrease of 22,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 1,403,000 to 1,401,000. The 4-week moving average was 1,404,750, a decrease of 8,250 from the previous week's revised average. The previous week's average was revised down by 250 from 1,413,250 to 1,413,000.

This morning's seasonally adjusted 213K new claims, up 5k from the previous week's revised figure, was better than the Investing.com forecast of 218K.

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.