HotAir hotair.com 22 Jul, 2021 18:45 am

Weekly jobless claims jump by more than 50K – HotAir

Weekly jobless claims jump by more than 50K – HotAir
Inflated expectations.

It was enough, however, to push the more reliable four-week rolling average upward slightly, potentially signaling less momentum in hiring than anticipated for July: In the week ending July 17, the advance figure for seasonally adjusted initial claims was 419,000, an increase of 51,000 from the previous week’s revised level.The previous week’s level was revised up by 8,000 from 360,000 to 368,000.The 4-week moving average was 385,250, an increase of 750 from the previous week’s revised average.The previous week’s average was revised up by 2,000 from 382,500 to 384,500.

4 percent for the week ending July 10, unchanged from the previous week’s unrevised rate.The advance number for seasonally adjusted insured unemployment during the week ending July 10 was 3,236,000, a decrease of 29,000 from the previous week’s revised level.

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