AFMC - Unemployment Claims Up 20K Worse Than Expected
2024-07-19 04:10:00 ET
Summary
- In the week ending July 13th, initial jobless claims were at a seasonally adjusted level of 243,000, an increase of 20,000 from the previous week's figure.
- The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 6, unchanged from the previous week's unrevised rate.
- Outside of the COVID spike, initial unemployment claims have never been greater than 700,000 for a given week.
Initial jobless claims measure the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending July 13th, initial jobless claims were at a seasonally adjusted level of 243,000, an increase of 20,000 from the previous week's figure. The latest reading is higher than the forecast of 229,000 jobless claims....
Unemployment Claims Up 20K, Worse Than Expected