Weekly Initial Jobless Claims hit 500,000

New US Jobless claims rise to highest level in 9 months.

Here's a straight cut and paste from the United States Department of Labor website.


UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

 SEASONALLY ADJUSTED DATA

In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous week's revised figure of 488,000. The 4-week moving average was 482,500, an increase of 8,000 from the previous week's revised average of 474,500.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 7, unchanged from the prior week's unrevised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 7 was 4,478,000, a decrease of 13,000 from the preceding week's revised level of 4,491,000. The 4-week moving average was 4,526,750, a decrease of 1,500 from the preceding week's revised average of 4,528,250.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.010 million.