US Jobless Claims Above Expectations
BUZ INVETORS US Jobless Claims The number of Americans filing for unemployment benefits increased by 2 thousand to 244 thousand in the week ended June 24th from the previous week’s revised level of 242 thousand and above market expectations of 240 thousand.
Claims have now been below 300,000 for 121 straight weeks, the longest such stretch since 1970.
The 4-week moving average was 242,250, a decrease of 2,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 244,750 to 245,000.
US Jobless Claims
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 17, unchanged from the previous week’s unrevised rate.
The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending June 17 was 1,948,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 1,944,000 to 1,942,000. The 4-week moving average was 1,938,750, an increase of 7,250 from the previous week’s revised average. The previous week’s average was revised down by 500 from 1,932,000 to 1,931,500.
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