Zolak
- The number of Americans filing new claims for unemployment benefits rose 4K to 238K after having declined for two weeks. The prior week’s claims were revised 1K higher to 234K.
- Analyst had expected claims of 233K in the latest week.
- The 4-week moving average was 238,500, an increase of 2,250 from the previous week’s revised average.
- Continuing claims increased to 1.858M vs. 1.840M expected and 1.832M prior (revised from 1.839M).
- The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 22, unchanged from the previous week’s unrevised rate, the Department of Labor said Thursday.
- Advance number of actual initial claims under state programs on an unadjusted basis were 238,419 in the week ended June 29, an increase of 13,049 from the prior week.
- Seasonal factors expected an increase of 8,649 from the previous week