TRND - Weekly Initial Claims For Unemployment Benefits Are Flattening Out

• Initial claims for regular state unemployment insurance totaled 385,000 for the week ending July 31, a drop of 14,000 from the previous week’s revised tally of 399,000.
• The number of ongoing claims for state unemployment programs totaled 3.259 million for the week ending July 10, a rise of 133,196 from the prior week and the third increase in the last eight weeks.
• While labor shortages continue across many industries, labor force participation remains low, making it difficult to fill many positions.

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