Initial jobless claims rose by 12,000
The largest increases in initial claims for the week ending August 22 were in Pennsylvania (+1,875), New York (+832), Ohio (+461), Tennessee (+354) and Massachusetts (+311), while the largest decreases were in Kansas (-1,473), California (-1,302), Michigan (-1,103), Missouri (-421) and Kentucky (-403). But for months now, applications for jobless benefits have held at historically low levels.
The four-week moving average was 275,500, an increase of 3,250 from the previous week’s revised average.
No states were estimated last week and there was nothing unusual in the data, a Labor Department spokesman said as the report was released to the press.
The Labor Department added 2.26 million people were already collecting weekly unemployment benefits, known as continuing claims, in the week to August 22, a 9,000 decline from the prior week. ■