U.S. Jobless Claims Rose to 264,000, More Than Expected

Forexlive2023-06-22

  • For the week ending June 17, the initial jobless claims were 264,000, the same as the previous week's revised level, which was revised upwards by 2,000 from 262,000 to 264,000.

  • The four-week moving average for initial claims was 255,750, which represents an increase of 8,500 from the previous week's revised average. This is the highest this average has been since November 13, 2021, when it was 260,000.

  • The previous week's average was revised upwards by 500, from 246,750 to 247,250.

  • The continuing claims rate was 1.2% for the week ending June 10, the same as the previous week's unrevised rate.

  • The advance number for continuing claims for the week ending June 10 was 1,759,000, a decrease of 13,000 from the previous week's revised level.

  • The previous week's continuing claims level was revised down by 3,000, from 1,775,000 to 1,772,000.

  • The four-week moving average for continuing claims was 1,770,000, a decrease of 7,500 from the previous week's revised average.

  • The previous week's average for continuing claims was revised down by 750, from 1,778,250 to 1,777,500.

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Comments

  • setia100
    2023-06-22
    setia100
    Fulfilling Powell's action plan πŸ‘ Keep up the good work πŸ˜‚
  • Bs777
    2023-06-22
    Bs777
    Well done Powell
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