Unemployment

The number of Americans filing claims for jobless benefits last week held below levels seen in late June, before auto-related distortions set in, indicating firings are slowing as the economy stabilizes.
The four-week moving average, a less-volatile measure than weekly initial claims, fell to 559,000 from 567,250 the prior week. The average at the end of June, before the auto distortions set in, was 616,000, higher than last week’s reading. The level of continuing claims decreased by 54,000 to 6.197 million in the week ended July 18, the lowest level since April.

Jul 30 · 12:07:00 PM · Source: Bloomberg.com
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by Rich Pike