Jobless claims have fallen in August 2014 to 253,000 weekly on average, not seasonally adjusted. The rate is equivalent to 13.1 million claims annually, a very low level. The level averaged 280,000 weekly in August 2013, equivalent to 14.6 million annually, meaning the current month is an improvement of 10% from one year ago.
Last month the average weekly level was 310,000 first time claims for unemployment, and in the first half of the year claims averaged about 326,000 weekly. So with the first two months of the second half of 2014 coming in well below that, the trend remains very positive, but it should be remembered that summer is peak full-time employment season and that many of the seasonal jobs will drop off with the start of the school year.
Last month the average weekly level was 310,000 first time claims for unemployment, and in the first half of the year claims averaged about 326,000 weekly. So with the first two months of the second half of 2014 coming in well below that, the trend remains very positive, but it should be remembered that summer is peak full-time employment season and that many of the seasonal jobs will drop off with the start of the school year.
