Economic Buzz: US Weekly Initial Jobless Claims Rise

8 Jul 2022 , 09:27 AM

According to the data released by US Department of Labor, in the week ending July 2, the advance figure for US seasonally adjusted unemployment initial claims was 235,000, an increase of 4,000 from the previous weeks unrevised level of 231,000. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending June 25, an increase of 0.1 percentage point from the previous weeks unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 1,375,000, an increase of 51,000 from the previous weeks revised level. The previous weeks level was revised down by 4,000 from 1,328,000 to 1,324,000.Powered by Commodity Insights