According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment insurance fell to 229,000 for the week ending August 23. The latest figure was slightly lower than the initial estimate (230,000) and lower than the previous week's 234,000 (revised from 235,000).
Furthermore, the 4-week moving average increased by 2.5,000, bringing the total to 228,500 from the previous week's revised average.
The report showed a seasonally adjusted insured unemployment rate of 1.3%, with Continuing Jobless Claims decreasing by 7,000 to 1.954 million for the week ending August 16. (alg)
Source: FXstreet
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