Initial Jobless Claims Declined by 98K in Third Week of August

Washington, DC, August 27, 2020-In the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week’s revised level, according to the Department of Labor. 

The previous week’s level was revised down by 2,000 from 1,106,000 to 1,104,000. The 4-week moving average was 1,068,000, a decrease of 107,250 from the previous week’s revised average. The previous week’s average was revised down by 500 from 1,175,750 to 1,175,250.