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Zephyr

07/03/14 9:31 AM

#640028 RE: Zephyr #640027

Jobless Claims
Released On 7/3/2014 8:30:00 AM For wk6/28, 2014
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 312 K 313 K 314 K 307 K to 325 K 315 K
4-week Moving Average - Level 314.25 K 314.50 K 315.00 K
New Claims - Change -2 K -1 K 2 K
Highlights
Demand for labor is improving, evident by this morning's non-farm payroll gain and also by another healthy jobless claims report where initial claims came in at 315,000. Over the past six weeks, initial claims, ranging between 304,000 and 318,000, have held at some of their best levels of the recovery. The 4-week average is at 315,000, again little changed from recent weeks.

Continuing claims, reported with a 1-week lag, have also been showing improvement. Continuing claims did rise 11,000 in the June 21 week to 2.579 million, but the 4-week average is down 6,000 to a new recovery low 2.580 million. The unemployment rate for insured workers, holding at 2.0 percent, is just up from a recovery low of 1.9 percent set in early June.

There are no special factors in today's report, one that should confirm building optimism for the jobs market.