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Unemployment Claims rose to 274,000

Thursday, May 21 2015
In the week ending May 16, the advance figure for seasonally adjusted Unemployment Claims was 274,000, an increase of 10,000 from the previous week's unrevised level of 264,000. Analysts were predicting increase to 271,000. The 4-week moving average was 266,250, a decrease of 5,500 from the previous week's unrevised average of 271,750. This is the lowest level for this average since April 15, 2000 when it was 266,250.  
 
The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending May 9, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 9 was 2,211,000, a decrease of 12,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 11, 2000 when it was 2,161,000. 
 
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1120 level, Sterling is slightly above 1.5670 area, while Aussie is at 0.7880 level. Later today, Existing Home Sales and Philly Fed Manufacturing Index data is scheduled for a release.
More in this category: « UK Retail Sales increased by 1.2% in April Philly Fed Manufacturing Index showed modest expansion »

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