Initial Unemployment Claims Up Slightly

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA

In the week ending July 12, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 18,000 from the previous week's revised figure of 348,000. The 4-week moving average was 376,500, a decrease of 4,500 from the previous week's revised average of 381,000.
The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending July 5, a decrease of 0.1 percentage point from the prior week's unrevised rate of 2.4 percent.
The advance number for seasonally adjusted insured unemployment during the week ending July 5 was 3,122,000, a decrease of 81,000 from the preceding week's revised level of 3,203,000. The 4-week moving average was 3,142,750, an increase of 16,500 from the preceding week's revised average of 3,126,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 2.934 million.