Unemployment claims continue decline as US count dips below 1 million

Missouri’s initial unemployment claims dropped to less than 9,000 for the week ending Aug. 8, according to state labor department data. That’s a drop of about 17% from the previous week, and it marks the lowest number of weekly claims since the onset of pandemic-induced job losses in late March.

It’s still more than 13% above the average number of weekly unemployment claims in the state since 1987.

Nationally, weekly claims also dipped to their lowest level in months, registering below 1 million for the first time since March. The number of initial claims nationwide was 963,000, a decrease of 228,000 from the previous week, according to the U.S. Department of Labor. The four-week moving average was 1.3 million, a drop of 86,000 from the previous week’s average.

Missouri’s number of insured unemployed residents for the week ended Aug. 1 also declined. That count was about 141,000, down 20% from the previous week.

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