28 June 2001, 16:33  US Jobless Claims-OVERVIEW

--US new jobless claims -16,000 at 388,000 in latest week
--US new jobless claims 4-week average -7,750 at 416,000
--US jobless claiming benefits +14,000 at 2.992 million
--US jobless benefits 4-week average +51,000 to 2,964,000
Washington, June 28 (BridgeNews) - New claims for U.S. state unemployment insurance benefits fell for the third consecutive week during the week ended Saturday, dropping 16,000 to 388,000, the U.S. Labor Department said. That was below the 415,000 median estimate of analysts surveyed by BridgeNews.
Meanwhile, the four-week moving average fell 7,750 to 416,000.
* * * The estimates of analysts surveyed by BridgeNews put initial jobless claims for the latest week in a range of 410,000 to 430,000.
In revisions to data for the week ended June 16, initial claims fell 31,000 to a seasonally adjusted 404,000, Labor said. For the same week, the four-week moving average for new claims was at 423,750.
In new data for the week ended June 16, continuing claims rose 14,000 to a seasonally adjusted 2.992 million. For the same week, the four-week moving average for continuing claims was 2,964,000, a rise of 51,000.
The seasonally adjusted rate of insured unemployment during the week ended June 16 was steady at 2.3%, after the previous week's figure was revised down a notch. The ratio represents people claiming benefits as a percentage of the workforce potentially eligible for these benefits.
Data on continuing claims and the insured unemployment rate are reported with a one-week delay.

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