The DOL reported:
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.
emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 246,750.
The previous week was revised down.
Weekly claims were below the consensus forecast.