Unemployment Claims remain below 300,000 level
In the week ending June 20, the advance figure for seasonally adjusted initial claims was 271,000, an increase of 3,000 from the previous week's revised level. This was inline with market forecasts. The 4-week moving average was 273,750, a decrease of 3,250 from the previous week's revised average. The advance seasonally adjusted insured unemployment rate was 1.7% for the week ending June 13, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending June 13 was 2,247,000, an increase of 22,000 from the previous week's revised level. The 4-week moving average was 2,237,000, an increase of 5,250 from the previous week's revised average. The previous week's average was revised up by 750 from 2,231,000 to 2,231,750.
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.12 handle, Sterling is around 1.5730 area, while Aussie is slightly above 0.7740 level.
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