(Excerpts from the Press Release)
In the week ending July 7, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 26,000 from the previous week’s revised figure of 376,000. The 4-week moving average was 376,500, a decrease of 9,750 from the previous week’s revised average of 386,250.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 30, unchanged from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending June 30 was 3,304,000, a decrease of 14,000 from the preceding week’s revised level of 3,318,000. The 4-week moving average was 3,308,500, an increase of 1,250 from the preceding week’s revised average of 3,307,250.
U.S. new jobless claims fall sharply to four-year low
The number of Americans filing new claims for unemployment benefits last week fell sharply to the lowest level in four years, a hopeful sign for the struggling labor market, government data showed on Thursday.
Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 350,000, the Labor Department said.
The drop, which brought new claims to their lowest level since March 2008, was much steeper than Wall Street economists expected.
The prior week’s figure was revised slightly higher to 376,000 from the previously reported 374,000…
via REFILE-U.S. new jobless claims fall sharply to four-year low | Reuters.
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Job Market Monitor 
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Posted by Elaine | July 13, 2012, 12:39 pmwrite more often please.
Posted by Clarisa | July 14, 2012, 9:11 pm