Posted on 07/17/2014 7:27:51 AM PDT by Red Badger
In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 500 from 311,500 to 312,000.
There were no special factors impacting this week's initial claims.
When Fox News and Fox Business announce the monthly unemployment percentage figures they fail to announce the actual percentage number of people out of work. Never understood this from two ‘We report you decide ‘ stations.
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