US: Weekly initial claims was 237,000, a decrease of 8,000 from the previous week

Eren Sengezer FXStreet

In the week ending June 10, the advance figure for seasonally adjusted initial claims was 237,000, a decrease of 8,000 from the previous week's unrevised level of 245,000, said the US Department of Labor on Thursday.

Key highlights:

The 4-week moving average was 243,000, an increase of 1,000 from the previous week's unrevised average of 242,000
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 3, unchanged from the previous week's unrevised rate
The advance number for seasonally adjusted insured unemployment during the week ending June 3 was 1,935,000, an increase of 6,000 from the previous week's revised level
The previous week's level was revised up 12,000 from 1,917,000 to 1,929,000
The 4-week moving average was 1,926,750, an increase of 9,000 from the previous week's revised average. The previous week's average was revised up by 3,000 from 1,914,750 to 1,917,750

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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