Thursday, June 18, 2009

Initial Unemployment claim up 0.49; better than estimate

Initial Claims of unemployment up by 0.49%  better than average analyst estimate of 610K (bloomberg est).

In the week ending June 13, the advance figure for seasonally adjusted initial claims was 608,000, an increase of 3,000 from the previous week's revised figure of 605,000. The 4-week moving average was 615,750, a decrease of 7,000 from the previous week's revised average of 622,750.

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