The Department of Labor reports this week’s very optimistic jobs numbers:
In the week ending July 21, the advance figure for seasonally adjusted initial claims was 353,000, a decrease of 35,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 367,250, a decrease of 8,750 from the previous week’s revised average of 376,000.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending July 14, unchanged from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending July 14 was 3,287,000, a decrease of 30,000 from the preceding week’s revised level of 3,317,000. The 4-week moving average was 3,309,000, a decrease of 3,750 from the preceding week’s revised average of 3,312,750.
Tags: Jobless Claims