US seasonally adjusted initial claims for jobless benefits fell 11,000 in week ended July 5 from previous week, to 304,000; four-week average of claims fell 3,500 from previous week, to 311,500: Dept. of Labor

WASHINGTON , July 10, 2014 (press release) – In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304,000, a decrease of 11,000 from the previous week's unrevised level of 315,000. The 4-week moving average was 311,500, a decrease of 3,500 from the previous week's unrevised average of 315,000.

There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending June 28, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 28 was 2,584,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 2,579,000 to 2,574,000. The 4-week moving average was 2,571,250, a decrease of 7,750 from the previous week's revised average. This is the lowest level for this average since October 27, 2007 when it was 2,561,750. The previous week's average was revised down by 1,250 from 2,580,250 to 2,579,000.

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