Weekly Unemployment Claims: Initial And Continued - July 28, 2016

by: Sold At The Top

Yesterday's jobless claims report showed an increase to both initial and continued unemployment claims as seasonally adjusted initial claims remained below the 300K level.

Seasonally adjusted "initial" unemployment claims increased by 14,000 to 266,000 claims, while seasonally adjusted "continued" unemployment claims increased by 7,000 to 2.139 million resulting in an "insured" unemployment rate of 1.6%.