(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 11 July, according to the Labor Department, with initial claims dropping by 8,000 to 208,000.
Last week's numbers came in well under expectations for an increase to 217,000, marking the lowest initial claim count in over two months and indicating that the labour market remains robust.

Continuing claims fell by 16,000 to 1.8m on the week ended 4 July, under expectations of 1.82m, while the four-week moving average came in at 214,250, down from the prior week's downwardly revised 4,750 print.

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending 4 July, unchanged from the previous week's unrevised rate.









Reporting by Iain Gilbert at Sharecast.com

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