Good news: Initial Claims for Unemployment dropped 26,000.

This news just in from the Departmet of Labor ETA.  See the full report here

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA



In the week ending Sept. 5, the advance figure for seasonally adjusted initial
claims was 550,000, a decrease of 26,000 from the previous week's revised
figure of 576,000. The 4-week moving average was 570,000, a decrease of 2,750
from the previous week's revised average of 572,750.

The advance seasonally adjusted insured unemployment rate was 4.6 percent
for the week ending Aug. 29, a decrease of 0.1 percentage point from the prior
week's unrevised rate of 4.7 percent.

The advance number for seasonally adjusted insured unemployment during
the week ending Aug. 29 was 6,088,000, a decrease of 159,000 from the preceding
week's revised level of 6,247,000. The 4-week moving average was 6,182,500,
a decrease of 37,750 from the preceding week's revised average of 6,220,250.
 

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.617 million. Read more...