Weekly jobless claims come in ahead of forecasts
By Alexander Bueso
Date: Thursday 02 Jul 2020
(Sharecast News) - Weekly jobless claims in the States continued to drift lower last week, but only slightly once again and by less than economists had forecast.
According to the Department of Labor, initial unemployment claims for the week ending on 27 June decreased by 55,000 to reach 1.427m (consensus: 1.341m).
The four-week moving average meanwhile fell by 117,500 to 1,504,750.
Secondary unemployment claims on the other hand, those which are not being filed for the first time, rose by 59,000 to 19.290m over the week ending on 20 June.
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