ECON: Jobless Claims Roughly in Line with Consensus
- 343k vs 340k, last week revised to 336k from 334k
- Continued Claims fell to 2.997 mln vs 3.0 mln consensus
In the week ending July 20, the advance figure for seasonally adjusted initial claims was 343,000, an increase of 7,000 from the previous week's revised figure of 336,000. The 4-week moving average was 345,250, a decrease of 1,250 from the previous week's revised average of 346,500.
The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending July 13, a decrease of 0.1 percentage point from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 13 was 2,997,000, a decrease of 119,000 from the preceding week's revised level of 3,116,000. The 4-week moving average was 3,023,250, an increase of 2,500 from the preceding week's revised average of 3,020,750.