Initial Jobless Claims Fell to 262K Last Week; Estimates Called for 265K Claims
- Top 10 News for 10/24 - 10/28: AT&T (T), Time Warner Make it Official; Margins Hamper Apple's Q4; Mergers Aplenty
- Wall St. falls as FBI to review more Clinton emails
- Clinton email problem resurfaces as FBI announces review
- ExxonMobil (XOM) Tops Q3 EPS by 5c; CapEx Light of Views
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Initial Jobless Claims 262K vs 265K Expected
UPDATE - More from the U.S. Bureau of Labor Statistics:
In the week ending August 13, the advance figure for seasonally adjusted initial claims was 262,000, a decrease of 4,000 from the previous week's unrevised level of 266,000. The 4-week moving average was 265,250, an increase of 2,500 from the previous week's unrevised average of 262,750.
There were no special factors impacting this week's initial claims. This marks 76 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 6, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 6 was 2,175,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,155,000 to 2,160,000. The 4-week moving average was 2,155,000, an increase of 10,750 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,143,000 to 2,144,250.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Initial Jobless Claims 258K vs 256K Expected
- UPDATE: OPEC Said in Deadlock as Iraq, Iran Dispute Data, Meeting Ongoing - DJ
- Durable Goods (Sept P) -0.1% vs 0.0% Expected; Ex-Trans 0.2 vs 0.2%
Create E-mail Alert Related CategoriesETFs, Economic Data
Related EntitiesInitial Jobless Claims
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!