US: Weekly initial claims was 232,000, a decrease of 12,000 from previous week

Eren Sengezer FXStreet

"In the week ending August 12, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 12,000 from the previous week's unrevised level of 244,000," the US Department of Labor announced on Thursday.

Key takeaways:

The 4-week moving average was 240,500, a decrease of 500 from the previous week's unrevised average of 241,000
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending August 5, unchanged from the previous week's unrevised rate
The advance number for seasonally adjusted insured unemployment during the week ending August 5 was 1,953,000, a decrease of 3,000 from the previous week's revised level
The 4-week moving average was 1,960,250, a decrease of 6,000 from the previous week's revised average

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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