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US Unemployment Insurance Weekly Claims Report
In the week ending August 3, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 249,000 to 250,000. The 4-week moving average was 240,750, an increase of 2,500 from the previous week's revised average. The previous week's average was revised up by 250 from 238,000 to 238,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 27, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured ... (full story)
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Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. First-time filings for jobless benefits totaled 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the Labor Department reported Thursday. The report comes with Wall Street on edge amid signs that job growth is slowing and even signaling a potential recession on the horizon. Stock market futures shaved losses following the 8:30 a.m. ET release while Treasury yields held higher. While the ... (full story)
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