Friday, 23 July 2021 11:08 GMT

US weekly unemployment claims increase to highest level in two months


(MENAFN - Kuwait News Agency (KUNA)) WASHINGTON, July 22 (KUNA) -- The US weekly unemployment claims increased 51,000 for the week ending July 17, totaling 419,000, the highest weekly count since May.
The Department of Labor said Thursday that the previous week's level was revised up by 8,000 from 360,000 to 368,000.
It added that the four-week moving average was 385,250, an increase of 750 from the previous week's revised average.
Meanwhile, the Department indicated that the advance number for seasonally adjusted insured unemployment during the week ending July 10 was 3,236,000, a decrease of 29,000 from the previous week's revised level, the lowest level for insured unemployment since March 21, 2020 when it was 3,094,000.
Last month, the US economy added 850,000 jobs as the unemployment rate rose to 5.9 percent from 5.8 percent. (end)
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