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16 Jul 2015
US initial jobless claims drop for the first time in a month
FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits fell to 281K in the week ended July 10, compared to the estimated drop to 285K from previous week’s downwardly revised 296K.
Jobless claims below 300K for 19th consecutive week
The jobless claims dropped by 15K last week. The number stayed below 300K for the 19th consecutive week, a sign labor market momentum continues to strengthen. The four-week average of claims, which provides a more accurate picture of the labor market strength, increased to 282,500 from 279,250 in the prior week.
Meanwhile, the continuing claims dropped by 112,000 to 2.22 million in the week ended July 4.
Jobless claims below 300K for 19th consecutive week
The jobless claims dropped by 15K last week. The number stayed below 300K for the 19th consecutive week, a sign labor market momentum continues to strengthen. The four-week average of claims, which provides a more accurate picture of the labor market strength, increased to 282,500 from 279,250 in the prior week.
Meanwhile, the continuing claims dropped by 112,000 to 2.22 million in the week ended July 4.