US jobless claims rose to 235,000 last week, most since mid-January
Source: Yahoo! Finance
Yahoo Finance
US jobless claims rose to 235,000 last week, most since mid-January
Alexandra Semenova · Reporter
Thu, July 7, 2022, 8:43 AM · 1 min read
Initial jobless claims unexpectedly edged higher last week in a potential sign the labor market may be moderating amid tighter financial conditions. The print comes ahead of the government's monthly employment report for June due out Friday.
First-time filings for unemployment insurance in the U.S. totaled 235,000 for the week ended July 2, increasing by 4,000 from the prior week's reading of 231,000 claims, the Department of Labor said Thursday. Economists surveyed by Bloomberg had expected the latest reading to come in at 230,000.
This marked the highest weekly total since the week ended January 15, 2022.
(This post is breaking. Please check back for updates.)
Read more: https://finance.yahoo.com/news/jobless-claims-july-7-124345808.html
mahatmakanejeeves
(57,499 posts)https://www.dol.gov/ui/data.pdf
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TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, July 7, 2022
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS
SEASONALLY ADJUSTED DATA
In the week ending July 2, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 4,000 from the previous week's unrevised level of 231,000. The 4-week moving average was 232,500, an increase of 750 from the previous week's unrevised average of 231,750.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending June 25, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 1,375,000, an increase of 51,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,328,000 to 1,324,000. The 4-week moving average was 1,335,000, an increase of 16,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,319,500 to 1,318,500.
{snip}
UNADJUSTED DATA
{snip}
The total number of continued weeks claimed for benefits in all programs for the week ending June 18 was 1,327,839, an increase of 13,570 from the previous week. There were 14,208,913 weekly claims filed for benefits in all programs in the comparable week in 2021.
{snip the rest of the ten-page news release, until the end}
Weekly Claims Archives
Weekly Claims Data
U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).
U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-1458-NAT
Program Contacts:
Kevin Stapleton: (202) 693-3009
Media Contact: (202) 693-4676
progree
(10,909 posts)And it fails once again to hold high the red banner of Mao Tse Tung Thought
mahatmakanejeeves
(57,499 posts)Last edited Thu Jul 7, 2022, 12:05 PM - Edit history (1)
{edited from "Soviet stooges, every one of them" because ...}
One of them I know used to teach at the University of Maryland. Need I say more? (He's not at ETA, but it just goes to show you.)
The World Socialist website has not picked up the story yet.
JT45242
(2,280 posts)As usual, spun to make the current President look bad. Does not mention that this was lower than overwhelming majority of weeks during TDFG's rein
mahatmakanejeeves
(57,499 posts)Have a great day!
progree
(10,909 posts)Last edited Thu Jul 7, 2022, 01:14 PM - Edit history (1)
Continuing claims (FRED) : https://fred.stlouisfed.org/series/CCSA
While I'm at it --
Initial claims (FRED) : https://fred.stlouisfed.org/series/ICSA
WinstonSmith4740
(3,056 posts)Andrea Mitchell and Chuck Todd declare the US economy in a tailspin in 3,2,...
Rebl2
(13,523 posts)Than when tfg in office