--Insured Unemployment Rate 2.0% Adjusted, Same as Previous Week
WASHINGTON (MNI) - For the fifth consecutive week, initial claims
stayed in a tight range, rising 2,000 in the June 28 week to 315,000
after seasonal adjustment, the Labor Department reported Thursday.
The latest week follows the previous week's 313,000, revised up
1,000, and going back further, 314,000, 318,000 and 313,000. It has been
an exceptionally extended pattern of near-motionlessness for the series,
which can be subject to volatility, especially around holidays.
The median expectation in an MNI survey was not far off, at
The Labor Department again said there were no special factors
impacting the report.