Initial Unemployment Claims Decrease in the Week Ending August 1
According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,186,000 for the week ending August 1. This figure represents a decrease of 249,000 from last week's revised level. The previous week's level was revised up slightly from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decline of 31,000 from the week prior.
For the week ending July 25, the adjusted insured unemployment rate was 11%, a decrease of 0.6 percentage point from the previous week's unrevised rate. The 4-week moving average was...
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