All articles tagged with #continuing claims
US jobless claims rose to the highest level since 2021, with initial claims increasing by 11,000 to 235,000 and continuing claims reaching 1.97 million, indicating a potential slowdown in the labor market and increased difficulty for out-of-work Americans to find new jobs.
Initial jobless claims for the past week fell by 8,000 to 212,000, surpassing the expected 219,000, while continuing claims rose to 1.895 million. The four-week moving average increased to 218,500. The advance seasonally adjusted insured unemployment rate was 1.3%, up from the previous week's 1.2%.
The initial jobless claims for the week ending June 17 remained elevated at 264,000, while the four-week moving average for initial claims increased to 255,750. The continuing claims for the week ending June 10 decreased by 13,000 to 1,759,000, with the four-week moving average for continuing claims decreasing to 1,770,000. The steady reading of continuing claims suggests people are finding jobs relatively quickly after being let go. The expectations are for a 71% chance of a hike in July, but only a 19% chance of a second hike by November.