US Unemployment Claims Point At Mild Increase
According to the Labor Department data, US jobless claims increased less than projected, but still indicated healthy job market, lifting 1,000 to a seasonally adjusted 218,000 for the week ended July 28. The forecast suggested increase to 220,000. Fillings for the week ended July 14 declined to 208,000, marking the weakest result since December 1969.
The 4-week moving average of initial claims reduced 3,500 to 214,500, marking a 2-month minimum. The amount of citizens receiving pensions after an initial week of aid declined 23,000 to 1.72M in the week ended July 21. The 4-week moving average of continuing fillings lowered 4,500 to 1.74M.