Initial jobless claims rose to a seasonally adjusted 216,000 for the week ending July 13. The 4-week moving average declined 250 to 218,750.
|Prior||Prior Revised||Consensus Forecast||Forecast Range||Result|
|Initial Jobless Claims||209 K||208 K||215 K||208 K to 222 K||216 K|
The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending July 6,
The Labor Department said no state was triggered “on” the Extended Benefits program during the week ending June 29.
The highest insured unemployment rates in the week ending June 29 were in Connecticut (2.2), New Jersey (2.2), Puerto Rico (2.2), Pennsylvania (1.9), California (1.8), Rhode Island (1.8), Alaska (1.7), Massachusetts (1.6), and Illinois (1.5).
The largest increases in initial claims for the week ending July 6 were in New York (+10,903), Michigan (+6,729), Kentucky (+2,515), Arkansas (+1,374), and Wisconsin (+1,264), while the largest decreases were in California (-7,210), New Jersey (-5,946), Texas (-2,057), Connecticut (-1,556), and Pennsylvania (-1,351).
The labor market overall has remained very tight, leading to a stronger than expected jobs report for June.