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7/2, 2:30 PM (Source: TeleTrader)
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US initial jobless claims fall by 55K to 1.43M

The number of initial jobless claims in the United States for the week ending June 27 fell by 55,000 compared to the previous week's revised figure to land at 1,427,000, the Labor Department reported on Thursday.

The advance seasonally adjusted insured unemployment rate stood at 13.2% for the week ending June 20, unchanged compared to the previous week's revised rate. Insured unemployment during the same week was reported at 19,290,000, an increase of 59,000 from the previous week's revised level.

The four-week moving average decreased by 494,500 to 19,854,000, the report noted.

Breaking the News / JC