U.S. INITIAL JOBLESS CLAIMS FELL 6,000 LAST WEEK TO 386,000
Last week revised from 387,000 to 392,000 DOH!!

Econoday was expecting a reading of 385K claims.

The prior week was revised higher by 5K claims.

DoL Release:

http://www.dol.gov/opa/media/press/eta/u....

Partial quote:

Quote:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week's revised figure of 392,000. The 4-week moving average was 386,750, a decrease of 750 from the previous week's revised average of 387,500.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 16, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending June 16 was 3,296,000, a decrease of 15,000 from the preceding week's revised level of 3,311,000. The 4-week moving average was 3,306,000, an increase of 9,250 from the preceding week's revised average of 3,296,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 368,418 in the week ending June 23, an increase of 3,870 from the previous week. There were 406,633 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 2.4 percent during the week ending June 16, unchanged from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,107,684, an increase of 5,712 from the preceding week. A year earlier, the rate was 2.8 percent and the volume was 3,511,416.

The total number of people claiming benefits in all programs for the week ending June 9 was 5,890,091, an increase of 71,724 from the previous week.