US Initial Jobless Claims Decline in Week Ended July 4
US initial jobless claims fell to a level of 215,000 in the week ended July 4 from an upwardly revised 217,000 level in the previous week, compared with expectations for a level of 217,000 in a survey of analysts compiled. The four-week moving average declined by 3,750 to 218,750 after decreasing by 2,000 to a level of 222,500 in the previous week. Insured jobless claims increased by 8,000 to 1,814,000 in the week ended June 27. The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag. A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.
US initial jobless claims fell to a level of 215,000 in the week ended July 4 from an upwardly revised 217,000 level in the previous week, compared with expectations for a level of 217,000 in a survey of analysts compiled.
The four-week moving average declined by 3,750 to 218,750 after decreasing by 2,000 to a level of 222,500 in the previous week.
Insured jobless claims increased by 8,000 to 1,814,000 in the week ended June 27.
The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits.
Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.
A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.