US: Weekly initial claims was 241,000, an increase of 3,000 from the previous week

Eren Sengezer FXStreet

In the week ending June 17, the advance figure for seasonally adjusted initial claims was 241,000, an increase of 3,000 from the previous week's revised level said the US Department of Labor on Thursday.

Key highlights:

The previous week's level was revised up by 1,000 from 237,000 to 238,000. The 4-week moving average was 244,750, an increase of 1,500 from the previous week's revised average
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 10, unchanged from the previous week's unrevised rate
The advance number for seasonally adjusted insured unemployment during the week ending June 10 was 1,944,000, an increase of 8,000 from the previous week's revised level
The previous week's level was revised up 1,000 from 1,935,000 to 1,936,000
The 4-week moving average was 1,932,000, an increase of 5,000 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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