SPXT - Weekly Initial Claims For Unemployment Benefits Continue To Hover Just Under 400000

• Initial claims for regular state unemployment insurance totaled 375,000 for the week ending August 7, a drop of 12,000 from the previous week’s revised tally of 387,000.
• The number of ongoing claims for state unemployment programs totaled 2.916 million for the week ending July 24, a drop of 342,689 from the prior week.
• Continuing claims in all federal programs totaled 10.059 million for the week ending July 24, an increase of 342,557, nearly offsetting the drop in state continuing claims.

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