Little change in the number of first-time filers
The number of first-time filers for unemployment benefits fell in the week ending July 30 to 400,000, a decrease of 1,000 from the previous week’s revised figure of 401,000.
This number indicates continuing sluggishness in the job market. The 4-week moving average was 407,750, a decrease of 6,750 from the previous week’s revised average of 414,500.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending July 23, unchanged from the prior week’s revised rate of 3.0 percent.
Continuing claims – which include people filing for the second week of benefits or more during the week ending July 23 was 3,730,000, an increase of 10,000 from the preceding week’s revised level of 3,720,000.
The 4-week moving average was 3,729,750, an increase of 4,500 from the preceding week’s revised average of 3,725,250.
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