9 Jul 2015
US initial jobless claims spike to 297K last week
FXStreet (Mumbai) - The US labour department data released on Thursday showed the first time applications for unemployment benefits rose to 297K in the week ended July 4; beating the estimate of 275K.
Jobless claims below 300K for 18th consecutive week
The jobless claims increased by 15K last week. The number stayed below 300K for the 18th straight week, its longest stretch since 2000, a sign the labour market momentum continues to strengthen. The prior week’s reading was revised to 282K from 281K. The four-week average of claims, which provides a more accurate picture of the labour market strength, increased to 279,500 from 275,000 the week before.
Meanwhile, the continuing claims 69,000 to 2.33 million in the week ended June 26.
Jobless claims below 300K for 18th consecutive week
The jobless claims increased by 15K last week. The number stayed below 300K for the 18th straight week, its longest stretch since 2000, a sign the labour market momentum continues to strengthen. The prior week’s reading was revised to 282K from 281K. The four-week average of claims, which provides a more accurate picture of the labour market strength, increased to 279,500 from 275,000 the week before.
Meanwhile, the continuing claims 69,000 to 2.33 million in the week ended June 26.