Jobless Claims Bounce Up - Cleveland 19 News Cleveland, OH

Jobless Claims Bounce Up

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance rose last week, according to government data released Thursday.

There were 554,000 initial jobless claims filed in the week ended July 18, up 30,000 from an upwardly revised 524,000 the previous week, the Labor Department said.

The number was slightly lower than the 557,000 consensus estimate of economists surveyed by Briefing.com.

The 4-week moving average of initial claims was 566,000, down 19,000 from the previous week's revised average of 585,000.

Continuing claims: The government said 6,225,000 people filed continuing claims in the week ended July 11, the most recent data available.

That's down 88,000 from the preceding week's revised 6,313,000 claims.

The 4-week moving average for ongoing claims fell to 6,541,500, down 132,500 from the preceding week's revised average of 6,674,000.


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