US: Initial claims was 207,000, a decrease of 8,000 from the previous week

Eren Sengezer FXStreet

"In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week's revised level," the U.S. Department of Labor announced on Thursday.

Key quotes

This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
The 4-week moving average was 220,500, a decrease of 2,750 from the previous week's revised average.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 7, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending July 7 was 1,751,000, an increase of 8,000 from the previous week's revised level.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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