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

"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. 

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