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US: Weekly initial claims was 247,000, a decrease of 3,000 from previous week
"In the week ending July 8, the advance figure for seasonally adjusted initial claims was 247,000, a decrease of 3,000 from the previous week's revised level," said the US Department of Labor on Thursday.
Key highlights:
- The 4-week moving average was 245,750, an increase of 2,250 from the previous week's revised average
- The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 1, unchanged from the previous week's unrevised rate
- The advance number for seasonally adjusted insured unemployment during the week ending July 1 was 1,945,000, a decrease of 20,000 from the previous week's revised level
- The 4-week moving average was 1,949,250, an increase of 2,250 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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