US Weekly Initial Jobless Claims Decline in the Week Ending July 20th
Unemployment Insurance Weekly Claims
On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 235,000 during the week ending Saturday, July 20th. This is a decrease of 10,000 from the previous week’s revised level of 245,000 (originally 243,000). The 4-week moving average was 235,500—an increase of 250 from the previous week’s revised average of 235,250 (originally 234,750).
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending July 13th was 1,851,000. This is a decrease of 9,000 from the previous week’s revised total of 1,860,000 (originally 1,867,000). The 4-week moving average was 1,853,500—an increase of 4,750 from the previous week’s revised average of 1,848,750 (originally 1,850,500). This is the highest level since December 4th, 2021, when it was 1,859,750.
The advanced seasonally adjusted insured unemployment rate was 1.2% for the week ending July 13th, unchanged from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.