Applications for jobless benefits
totaled 313,000 during the week ending July 1, a drop of 2,000 from
the previous week. The 4-week moving average was 308,500, an
increase of 2,500 from the previous week's revised average of
306,000. The decline of 2,000 in jobless claims last week was the
first drop in three weeks.
The advance seasonally adjusted insured
unemployment rate was 1.9% for the week ending June 24,
unchanged from the prior week's rate of 1.9%.
The advance number for seasonally
adjusted insured unemployment during the week ending June 24
was 2,455,000, an increase of 52,000 from the preceding week's
revised level of 2,403,000.