US Weekly Jobless Claims Rise by 6,000 to 225,000
Jobless claims increase for the second consecutive week as unemployment remains stable
Initial claims for unemployment insurance in the U.S. rose to 225,000 for the week ending September 28, an increase of 6,000 from the previous week's revised level of 219,000, according to a U.S. Department of Labor report. This uptick marks a continuation of the slight rise seen in recent weeks, says its press release. The 4-week moving average for jobless claims dropped by 750 to 224,250, signaling relative stability despite the weekly increase.
Insured Unemployment Remains Steady
The advance seasonally adjusted insured unemployment rate held steady at 1.2 percent for the week ending September 21, unchanged from the previous week. The number of people receiving benefits, known as insured unemployment, fell slightly to 1.826 million, a decrease of 1,000 from the previous week's revised total. The 4-week moving average for insured unemployment also declined by 4,750 to 1.829 million.
