Applications for jobless benefits increased by 8,000 for the week ending Feb. 8, bringing the total to 339,000, up from last week’s revised figure of 331,000, the Labor Department announced Thursday.
The four-week moving average, a “less volatile” figure, increased by 3,500, bringing the total to 336,750, down from the previous unrevised average of 333,250.
“The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending February 1, unchanged from the prior week’s unrevised rate,” the Labor Department report reads.
“The advance number for seasonally adjusted insured unemployment during the week ending February 1 was 2,953,000, a decrease of 18,000 from the preceding week’s revised level of 2,971,000. The 4-week moving average was 2,969,750, a decrease of 17,250 from the preceding week’s revised average of 2,987,000,” the report adds.
The states with the largest increases in initial claims for the week ending February 1 were Wisconsin (+5,041), New York (+4,830), Pennsylvania (+2,448), New Jersey (+1,853), and Ohio (+1,780).