U.S. Weekly Jobless Claims Fall to 208,000 on July 16, Below 217,000 Forecast

According to the U.S. Department of Labor statement released on July 16, weekly jobless claims fell to 208,000 for the week ending July 11, below market expectations of 217,000. This represents a decrease of 8,000 claims from the prior week, which was revised upward to 216,000. The four-week moving average of jobless claims, which filters volatility, declined to 214,250 from the previous week's revised figure of 219,000.
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