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The headline figure continues to keep somewhat steady but at least down from the high of 250K last month. Continuing claims rose slightly in the latest report but the 4-week moving average there continues to point lower (1.852M vs 1.854M in the week before), so that’s a positive takeaway at least.
Looking at the details, the largest increases in initial claims for the week ending August 31 were in Massachusetts (+2,230), Wisconsin (+820),
Ohio (+806), Pennsylvania (+724), and Washington (+399). Meanwhile, the largest decreases were in Texas (-1,396), New
York (-1,185), North Dakota (-919), California (-833), and Indiana (-796).
This article was written by Justin Low at www.forexlive.com.
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