U.S. weekly initial jobless claims rise in mid-July

U.S. weekly initial jobless claims rose. In the week ended 13 July, adjusted initial claims rose 8000 to 216,000. The previous week’s level was downwardly revised by 1000 from 209,000 to 208,000. The four-week moving average dropped 250 from the previous week’s revised average. The prior week’s average was downwardly revised by 250 to 219,000.

The advance seasonally adjusted insured jobless rate was 1.2 percent for the week ended 6 July, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment in the week ended 6 July was 1,686,000, a fall of 42,000 from the previous week’s revised level.

The previous week’s level was upwardly revised by 5000 to 1,728,000. The four-week moving average rose 5000 to 1,701,000. The previous week’s average was upwardly revised by 1,250 to 1,696,000.

The largest rises in initial claims for the week ended 6 July were in New York, Michigan, Kentucky, Arkansas and Wisconsin, while the largest falls were seen in California, New Jersey, Texas, Connecticut and Pennsylvania.

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