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US Jobless Claims Drops 24,000 To 400,000 As Economy Rebounds

July 29, 2021 by Forex Winner Leave a Comment

US Jobless Claims drops 24,000 to 400,000 as Economy Rebounds

Source: US Department of Labor.

Weekly jobless claims decreased by 24,000 to 400,000 from the upwardly revised 424,000 in the previous period. DJI down -0.36%, EURUSD up +0.31%

  • The seasonally adjusted insured employment rate remained unchanged from previous week’s unrevised rate at 2.4%.  
  • The advanced number of insured unemployment rate for the week ended July 17 was 3,369,000, a 7,000 increase from previous week’s revised level.
  • Total of those receiving benefits under all government programs increased to 13,156,252, a 582,403 increase from the previous week. 
  • Weekly claims filed for benefits in all programs was 31,898,353 compared to a similar period in 2020.
  • Among states, Michigan saw the biggest gain in initial claims of 13,547, with New York recording the largest decrease in initial claims of 10,727.
  • In case of continued weekly claims, 47 states reported 5,246,162 continued weekly claims for Pandemic Unemployment Assistance benefits, while 46 states reported 4,233,883 continued claims for compensation benefits.

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