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Unemployment Claims fell to 281,000

Thursday, Jul 16 2015
Jobless claims fell 15,000 to 281,000 in the week ended July 11 from a revised 296,000 in the prior period, beating forecasts on a decline to 284,000. Jobless claims can see-saw at this time of year as automakers shutter plants to retool operations for the new-model year, making it more difficult to discern the underlying trend. Firings have held below 300,000 for 19 consecutive weeks, the longest streak since 2000 and a sign of a stronger labor market. 
 
The number of applications dropped to 262,000 in late April, the lowest since 2000. No states were estimated last week and there was nothing unusual in the data, a Labor Department spokesman said as the report was released to the press. The number of people continuing to receive jobless benefits dropped by 112,000 to 2.22 million in the week ended July 4. The unemployment rate among people eligible for benefits declined to 1.6% from 1.7%. 
 
After the data, despite the figures USD edged down few points. Euro is currently being traded around 1.0860 level, Sterling is around 1.5580 area, while Aussie is slightly below 0.74 handle. Later today, Philly Fed Manufacturing Index data will be released.
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