Continuing claims 1661K vs. 1678K expected
- Claims were a little weaker than expected at 214K vs 210 k expected
- The 4-week moving average was 206,250, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 205,750 to 206,000.
- The continuing claims kept its downward trend. The 4-week moving average was 1,679,250, a decrease of 12,250 from the previous week's unrevised average of 1,691,500. This is the lowest level for this average since November 10, 1973 when it was 1,673,000.
- The largest increases in initial claims for the week ending September 15 were in California (+2,070), Georgia (+1,595), New Jersey (+1,488), Texas (+1,019), and Oregon (+693),
- The largest decreases were in Illinois (-794), Iowa (-699), Kansas (-579), Wisconsin (-360), and Nevada (-333)
Once again, no complaints from the weekly employment number.
