US: Initial claims was 214,000, a decrease of 18,000 from the previous week

Eren Sengezer FXStreet

"In the week ending July 7, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 18,000 from the previous week's revised level" the U.S. Department of Labor announced on Thursday.

Key quotes

The previous week's level was revised up by 1,000 from 231,000 to 232,000.
- The 4-week moving average was 223,000, a decrease of 1,750 from the previous week's revised average.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 30, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending June 30 was 1,739,000, a decrease of 3,000 from the previous week's revised level.
- The 4-week moving average was 1,728,500, an increase of 9,500 from the previous week's revised average.

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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