data from the Labor Department revealed on Thursday the number of applications
for unemployment decrease less than anticipated last week.
According to the report, the initial claims for unemployment benefits fell by 7,000 to 411,000 for the week ended June 19.
Economists had expected 380,000 new claims last week.
Claims for the prior week were revised upwardly to 418,000 from the initial estimate of 412,000.
Meanwhile, the four-week moving average of jobless claims increased to 397,750 from an upwardly unrevised 396,250 in the previous week.
Continuing claims dropped to 3,390,000 from an upwardly revised 3,534,000 in the previous week. This was the lowest reading since March 2020.
© 2000-2022. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.