Initial Jobless Claims Higher Than Consensus

In the week ending Aug. 30, the advance figure for seasonally adjusted initial claims was 444,000 (consensus was 420,000) , an increase of 15,000 from the previous week's revised figure of 429,000. The 4-week moving average was 438,000, a decrease of 3,250 from the previous week's revised average of 441,250.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending Aug. 23, unchanged from the prior week's unrevised rate of 2.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Aug. 23 was 3,435,000, an increase of 6,000 from the preceding week's revised level of 3,429,000. The 4-week moving average was 3,400,250, an increase of 33,250 from the preceding week's revised average of 3,367,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 3.006 million.