US initial jobless claims slightly decrease
By Iain Gilbert
Date: Thursday 30 Jun 2022
(Sharecast News) - US first-time jobless claims decreased slightly in the week ended 25 June, pointing to tight labour market conditions.
Initial jobless claims fell by 2,000 to 231,750, according to the Labor Department, missing market expectations for a reading of 228,000.
On a non-seasonally adjusted basis, initial claims rose by 1,060 week-on-week to 207,421, with notable increases seen in New Jersey, Massachusetts, and Kentucky.
The four-week moving average, which aims to smooth out week-to-week fluctuations, came to 231,750, an increase of 7,250 from the previous week's upwardly revised average of 224,500, while the number of continuing claimed for the week ending 11 June was 1.31m, an increase of 17,678 from the previous week.
Reporting by Iain Gilbert at Sharecast.com
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN