Initial Unemployment Claims Surge to 4-Year High

Continuing unemployment claims are the number of people who have already filed for unemployment and have continued to claims benefits for a subsequent week. Unlike initial unemployment claims, continuing claims are not considered a leading economic indicator and are a less important measure of economic health. Additionally, data for continuing claims has a one-week lag compared to initial claims. In the week ending August 30th, continuing jobless claims were at a seasonally adjusted level of 1,939,000. This ...