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7/8, 2:31 PM (Source: TeleTrader)
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US initial jobless claims up 2,000 to 373,000

The number of people filing for unemployment insurance for the first time in the United States increased by 2,000 to 373,000 for the week ending July 3, according to a release by the US Department of Labor on Thursday. Projections put the figure around 350,000. The previous week's level was revised up by 7,000 from 364,000 to 371,000.

The 4-week moving average was 394,500, down 250 from the previous week's revised average, the lowest level for this average since March 14, 2020. The previous week's average was revised up by 2,000 from 392,750 to 394,750.

The advance seasonally adjusted insured unemployment rate was 2.4% for the week ending June 26, down 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 26 was 3,339,000, a decrease of 145,000 from the previous week's revised level.

Breaking the News / DJ