U.S. unemployment claims decrease

In the week ending July 10, the advance figure for seasonally adjusted initial claims was 429,000, a decrease of 29,000 from the previous week’s revised figure. The four-week moving average was 455,250, a decrease of 11,750 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 3.7 percent for the week ending July 3, an increase of 0.2 percentage point from the prior week’s revised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 3 was 4.681 million, an increase of 247,000 from the preceding week’s revised level. The four-week moving average was 4,581,250, an increase of 22,000 from the preceding week’s revised average.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.056 million.