The week ending on 2024-08-17 registered a preliminary number of 232,000 new claims. The US Department of Labor’s reported number is not  significantly different than its previous ten weeks running average of 236,545. The previous week’s claims were revisited upward by 1,000 to 228,000, which leaves both weeks’ data points within the lower side of the trend. The most recent monthly estimate of the US Unemployment Rate is 4.39 Percent. Considering the latest data available (published on 2024-07-01) from the Bureau of Labor Statistics on both Labor Force Participation and Number of Unemployed People, the Unemployment Rate Nowcast still reads at 4.39 percent. Econometricus’ Unemployment Rate Nowcast tracks Unemployment Insurance new Claims to show the latest trend of the National Unemployment Rate. New Insurance Claims increased its levels for the reported week by a difference of 4,000.

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