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Unemployment Claims decreased to 255,000

Thursday, Jul 23 2015
In the week ending July 18, the advance figure for seasonally adjusted initial claims was 255,000, a decrease of 26,000 from the previous week's unrevised level of 281,000. Analysts were expecting smaller decrease to 279,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 278,500, a decrease of 4,000 from the previous week's unrevised average of 282,500.  There were no special factors impacting this week's initial claims.  
 
The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending July 11, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 11 was 2,207,000, a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 2,215,000 to 2,216,000. The 4-week moving average was 2,253,750, a decrease of 10,500 from the previous week's revised average. The previous week's average was revised up by 250 from 2,264,000 to 2,264,250.  
 
After the data USD was pushed higher against its major rivals. Euro is currently being traded around 1.0980 area, Sterling is slightly below 1.56 handle while Aussie is at 0.7390 level.
 
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