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Calculated Risk | July 7 2011 8:30 EDT
The DOL reports:
In the week ending July 2, the advance figure for seasonally adjusted initial claims was 418,000, a decrease of 14,000 from the previous week's revised figure of 432,000. The 4-week moving average was 424,750, a decrease of 3,000 from the previous week's revised average of 427,750.This is the 13th straight week with initial claims above 400,000, and the 4-week average is at about the same the level as in January.
Special Factor: Minnesota has indicated that approximately 2,500 of their reported initial claims are a result of state employees filing due to the state government shutdown.
Click on graph for larger image in graph gallery.
Company : Calculated Risk
Website : http://www.calculatedriskblog.com/
About :
Bill McBride (author since Jan 2005), A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.