Initial jobless claims increased 2.2% last week, climbing back over 400,000. The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Aug. 13 rose by 9,000 to 408,000 from 399,000 the previous week, which was revised upward 4,000. Analysts surveyed by Econoday expected 400,000 new jobless claims last week with a range of estimates between 391,000 and 420,000. Most economists believe weekly jobless claims lower than 400,000 indicate the economy is expanding and jobs growth is strengthening. The four-week moving average, which is considered a less volatile indicator than weekly claims, declined by 3,500 to 402,500 from the prior week’s 406,000. The seasonally adjusted insured unemployment rate for the week ended Aug. 6 stayed flat at 2.9%, according to the Labor Department. The total number of people receiving some sort of federal unemployment benefits for the week ended July 30 fell to about 7.3 million from 7.48 million the prior week. Write to Jason Philyaw.
Jason Philyaw was a reporter with HousingWire through mid-2012.see full bio
Most Popular Articles
Michigan’s Whitmer steps up, signs single-stair reform into law
Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
Jul 22, 2026
-
New York outflows reshape housing demand in Texas and Florida
Jul 24, 2026 -
Don’t fall for a fake foreclosure crisis
Jul 24, 2026 -
Home sales are positive but higher rates slowing demand
Jul 25, 2026 -
Why homebuilders aren’t building more homes
Jul 24, 2026 -
Mortgage servicers face higher costs from transfers and regulation
Jul 27, 2026
Latest Articles
The Sitzer/Burnett data motion is a compliance warning
Plaintiffs propose notifying 562 opted-in MLSs and treating silence after 7 days as consent to release listing and commission data under the NAR settlement.
-
Zillow wins dismissal of RESPA claims in Flex referrals case
-
Sekisui House U.S. CEO David Viger on bringing Japan-inspired resiliency to U.S. homes
-
Closinglock launches payment tools to secure homebuyer funds
-
DFW’s next suburban growth wave is forming west of Fort Worth
-
America’s accidental landlords: The hidden consequence of the mortgage lock-in effect
Jason Philyaw was a reporter with HousingWire through mid-2012.see full bio