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News > Economy
U.S. jobless claims lower
July 19, 2001: 8:49 a.m. ET

Weekly claims fall below forecasts but continued claims continue to climb
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NEW YORK (CNNfn) - New jobless claims were weaker than expected and below Wall Street forecasts last week, according to a government report Thursday, after soaring to their highest level in 9 years the previous week.

New claims for state unemployment benefits fell to 414,000 in the week ended July 14 from a revised 449,000 the prior week, the Labor Department reported. Analysts surveyed by Briefing.com had forecast new claims of 430,000.

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The four-week moving average of new claims, considered a better gauge of jobless trends, rose to 414,500 from the previous week's revised 412,000. Economists watch the four-week moving average more closely since it smoothes fluctuations in the weekly data.

Continued claims -- those by workers who already have claimed at least a week of benefits rose to 3.112 million in the week ended July 7. Those data, the latest available, came after a revised reading of 3.03 million the prior week. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.