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Monday, June 24, 2024
HomeNewsEconomyJobless Claims Rise Slightly to 215K for Week Ending July 27

Jobless Claims Rise Slightly to 215K for Week Ending July 27

U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)
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U.S. jobless claims graph on a tablet screen. (Photo: AdobeStock)

The Labor Department reported initial jobless claims rose as expected by 8,000 to a seasonally adjusted 215,000 for the week ending July 27. The 4-week moving average declined by 1,750 to 211,500.

PriorConsensus ForecastForecast RangeResult
Jobless Claims206K214K207K to 215K215K

The advance seasonally adjusted insured unemployment rate was unchanged at a very low 1.2% for the week ending July 20. The advance number for seasonally adjusted insured unemployment for July 20 was 1,699,000.

No state was triggered “on” the Extended Benefits program during the week ending July 13.

The highest insured unemployment rates in the week ending July 13 were in Puerto Rico (2.5), New Jersey (2.4), Connecticut (2.2), Pennsylvania (2.0), Rhode Island (1.9), California (1.8), Alaska (1.7), Illinois (1.6), Massachusetts (1.6), New York (1.4), Oregon (1.4), and West Virginia (1.4).

The largest increases in initial claims for the week ending July 20 were in Michigan (+1,490), Illinois (+737), California (+280), and Nebraska (+16), while the largest decreases were in New York (-13,571), Pennsylvania (-3,506), Texas (-3,186), Georgia (-2,958), and Wisconsin (-2,034).

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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