Great News! New unemployment claims DROPPED by 24,000 last week, and moving average is down too.
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In the week ending July 23, the advance figure for seasonally adjusted initial claims was 398,000, a decrease of 24,000 from the previous week's revised figure of 422,000. The 4-week moving average was 413,750, a decrease of 8,500 from the previous week's revised average of 422,250.
Read the full news release.
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