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Unemployment insurance weekly claims
In the week ending July 31, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 14,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 400,000 to 399,000. The 4-week moving average was 394,000, a decrease of 250 from the previous week's revised average. The previous week's average was revised down by 250 from 394,500 to 394,250. The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending July 24, a decrease of 0.3 percentage point from the previous week's unrevised rate. The advance number for ... (full story)
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U.S. jobless claims total 385,000, matching estimates
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings for benefits dipped to 385,000 for the week ended July 31, a decline of 14,000 from the previous week as the jobs market remains essentially in a holding pattern during the economic recovery. The total hit the Dow Jones estimate exactly. The four-week moving average of claims, which smooths weekly volatility, was little changed at 394,000. Claims have circled largely in a range around the 400,000 level since mid-May, with employment rising in Covid-hit sectors ... (full story)
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