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Unemployment Claims rose for a fourth week in a row

Thursday, Aug 20 2015

In the week ending August 15, the advance figure for seasonally adjusted initial claims was 277,000, an increase of 4,000 from the previous week's revised level. Analysts were expecting decrease to 272,000. The 4-week moving average was 271,500, an increase of 5,500 from the previous week's revised average. There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 1.7 percent for the week ending August 8, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 8 was 2,254,000, a decrease of 24,000 from the previous week's revised level. The 4-week moving average was 2,265,000, an increase of 9,500 from the previous week's revised average.

 

Data did not have any major impact on the markets. Euro is currently being traded around 1.1170 area, Sterling is few points above 1.5660 level, while Aussie is at 0.7320 area. Later today, Philly Fed Manufacturing Index and Existing Home Sales figures are scheduled for a release.

More in this category: « German PPI unchanged in July Philly Fed Manufacturing Index rebounded in August »

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