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Initial Jobless Claims See a Decrease
In a recent update from the Department of Labor, the United States has witnessed a decline in seasonally adjusted initial jobless claims by 7,000, settling at 213,000 for the week ending February 8. This figure slightly undercuts the previous estimates, showcasing a resilient labor market.
Insured Unemployment Rate Holds Steady
Meanwhile, the advance seasonally adjusted insured unemployment rate remained unchanged at 1.2% for the week ending February 1. Additionally, the number for seasonally adjusted insured unemployment saw a reduction of 36,000, bringing the total down to 1,850,000. The 4-week moving average also experienced a slight decrease of 750, landing at 1,871,500.
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