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Unemployment Insurance Weekly Claims
In the week ending June 9, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 4,000 from the previous week's unrevised level of 222,000. The 4-week moving average was 224,250, a decrease of 1,250 from the previous week's unrevised average of 225,500. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 2, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 2 was 1,697,000, a decrease of 49,000 from the previous week's revised level. This is the ... (full story)
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US weekly jobless claims total 218,000, vs 224,000 expected
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, the Labor Department said on Thursday. Claims data for the prior week was unrevised. Economists polled by Reuters had forecast claims rising to 224,000 in the latest week. The Labor Department said claims for Maine and Hawaii were estimated last week. The four-week moving average of initial claims, ... (full story)