Unemployment Claims at 270,000
In the week ending August 1, the advance figure for seasonally adjusted initial claims was 270,000, an increase of 3,000 from the previous week's unrevised level of 267,000. Analysts were anticipating increase of 6,000. The 4-week moving average was 268,250, a decrease of 6,500 from the previous week's unrevised average of 274,750. The advance seasonally adjusted insured unemployment rate was 1.7% for the week ending July 25, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 2,255,000, a decrease of 14,000 from the previous week's revised level. The previous week's level was revised up 7,000 from 2,262,000 to 2,269,000. The 4-week moving average was 2,239,000, a decrease of 18,000 from the previous week's revised average.
Data did not have any major impact on the markets. Euro is currently being traded slightly below 1.09 handle, Sterling is few points above 1.5520 level, while Aussie is around 0.7330 area.
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