US: Initial Jobless Claims fell to 217K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 217K for the week ending July 19. The latest print fell short of initial estimates and last week’s prints, which stood at 221K.
The report indicated a seasonally adjusted insured unemployment rate of 1.3%. Additionally, the four-week moving average decreased by 5K, bringing it down to 224.5K from the unrevised average of the previous week.
Moreover, Continuing Jobless Claims rose by 4K to reach 1.955M for the week ending July 5.
Source: Fxstreet