By Jill Mislinski
Here is the opening statement from the Department of Labor:
In the week ending July 13, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 209,000 to 208,000. The 4-week moving average was 218,750, a decrease of 250 from the previous week's revised average. The previous week's average was revised down by 250 from 219,250 to 219,000. [See full report]
Thursday morning's seasonally adjusted 216K new claims, up 7K