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US initial jobless claims decreases week-on-week
by hlk Fri 29 Jul 2011, 07:42
KUALA LUMPUR: Initial jobless claims in the United States dropped a very sharp 24,000 in the July 23 week to 398,000 for the first sub-400,000 reading since early April.
In a statement Thursday, July 28, the US Department of Labor said the four-week average of 413,750 was down a steep 8,500 in the week for a nearly 15,000 improvement from the month-ago reading, a comparison that points to improvement for the monthly jobs report.
Continuing claims have also been coming down, down 17,000 in the July 16 week to 3.703 million.
The unemployment rate for insured workers is down one tenth to 2.9%.
In a statement Thursday, July 28, the US Department of Labor said the four-week average of 413,750 was down a steep 8,500 in the week for a nearly 15,000 improvement from the month-ago reading, a comparison that points to improvement for the monthly jobs report.
Continuing claims have also been coming down, down 17,000 in the July 16 week to 3.703 million.
The unemployment rate for insured workers is down one tenth to 2.9%.
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