US Initial Claims Fall Less Than Expected


The number of Americans filing for unemployment benefits decreased for the first time in a month by 3 thousand to 247 thousand in the week ended July 8th from the previous period, although above market expectations of 245 thousand. Meanwhile, the 4-week moving average which removes week-to-week volatility went up by 2,250 to 245,750.

The previous week's level was revised up by 2,000 to 250,000. The 4-week moving average was also revised up by 500 to 243,500.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 1, unchanged from the previous week's unrevised rate.

Continuing claims fell by 20,000 to 1,945,00 during the week ending July 1. The previous week's level was revised up by 9,000 to 1,965,000. The 4-week moving average was 1,949,250, an increase of 2,250 from the previous week's revised average (up by 2,250 to 1,947,000). 

US Initial Claims Fall Less Than Expected


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
7/13/2017 12:41:43 PM