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Unemployment Claims decreased to 259,000

Thursday, Sep 08 2016

In the week ending September 3, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 4,000 from the previous week's unrevised level of 263,000. The 4-week moving average was 261,250, a decrease of 1,750 from the previous week's unrevised average of 263,000. There were no special factors impacting this week's initial claims. This marks 79 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 27, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 27 was 2,144,000, a decrease of 7,000 from the previous week's revised level. The 4-week moving average was 2,153,750, a decrease of 4,000 from the previous week's revised average.

 

Euro is currently being traded around 1.13 handle, Sterling is above 1.3340 area, while Aussie is at 0.7720 level.

More in this category: « ECB left monetary policy unchanged Draghi didn't announce any new monetary measures »

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