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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.  Read more...

US GDP rose 2.3% in Q3

US GDP rose at a 2.3% annualized rate, and a revised 0.6% advance in the first quarter wiped out a previously reported contraction, Commerce Department data showed Thursday in Washington. Analysts were anticipating 2.6% gain. Consumer spending grew more than projected.The economy has moved beyond some of the early 2015 constraints including weather and port delays, while cooling global markets, a strong dollar and insufficient wage gains may continue to limit growth. 

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Unemployment Claims decreased to 255,000

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.   Read more...

Unemployment Claims fell to 281,000

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.  Read more...

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