empty
 
 

2019.07.1809:29:00UTC+00U.S. Weekly Jobless Claims Rise In Line With Estimates

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits increased in line with economist estimates in the week ended July 13th.

The report said initial jobless claims inched up to 216,000, an increase of 8,000 from the previous week's revised level of 208,000.

Economists had expected jobless claims to creep up to 216,000 from the 209,000 originally reported for the previous week.

The uptick came after the drop seen in the previous week pulled jobless claims down to their lowest level since hitting a nearly 50-year low in the week ended April 13th.

Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 218,750, a decrease of 250 from the previous week's revised average of 219,000.

The report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also fell by 42,000 to 1.686 million in the week ended July 6th.

The four-week moving average of continuing claims still rose to 1,701,000, an increase of 5,000 from the previous week's revised average of 1,696,000.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback