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Unemployment Insurance Weekly Claims
In the week ending August 10, the advance figure for seasonally adjusted initial claims was 220,000, an increase of 9,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to 211,000. The 4-week moving average was 213,750, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 500 from 212,250 to 212,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 3, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured ... (full story)
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US weekly jobless claims rise more than expected
The number of Americans filing applications for unemployment benefits increased more than expected last week, but the trend continued to point to a strong labor market. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 220,000 for the week ended Aug. 10, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 more applications received than previously reported. Economists polled by Reuters had forecast claims would rise 214,000 in the latest week. The Labor Department said there were no states estimated last week. The four-week moving average of ... (full story)