Economic Buzz: US initial jobless claims down by 22,000 to 187,000
Meanwhile, the insured unemployment rate ran at 1.2% in the week ending July 11, remaining unchanged in comparison to the previous week, as the insured unemployment number amounted to 1,796,000, down by 2,000 from the previous week's revised figures. The 4-week moving average was 1,805,250, decreasing by 4,000 compared to the week prior.
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