Unemployment claims fall

Washington — In the week ending July 11, the advance figure for seasonally adjusted initial unemployment claims was 522,000, a decrease of 47,000 from the previous week’s revised figure. The four-week moving average was 584,500, a decrease of 22,500 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending July 4, a decrease of 0.5 percentage point from the prior week’s revised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 4 was 6.273 million, a decrease of 642,000 from the preceding week’s revised level. The four-week moving average was approximately 6.67 million, a decrease of 110,250 from the preceding week’s revised average.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.449 million.