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Tuesday, July 16, 2019 6:16:28 PM EDT

Initial Claims Updated 11-Jul-19 09:42AM ET

Initial claims for the week ending July 6 decreased by 13,000 to 209,000 ( consensus 222,000).

Continuing claims for the week ending June 29 jumped by 27,000 to 1.723 million.

The four-week moving average for initial claims decreased by 3,250 to 219,250.

The four-week moving average for continuing claims increased by 5,750 to 1,694,750.

Initial claims have held below 300,000 for 227 straight weeks.

The key takeaway from the report is that it continues to reflect a tight labor market where employers are reluctant to let go of employees.
Jul 6Jun 29Jun 22Jun 15Jun 8
Initial Claims209K221K229K217K222K
4-Wk Moving Avg219K222K222K219K218K
Continued Benefits1723K1696K1694K1666K
4-Wk Moving Avg1695K1689K1688K1680K