Source: Bloomberg
“Applications for US unemployment benefits fell for a fourth week to the lowest in two months during a period that included the Independence Day holiday. Initial claims decreased by 5,000 to 227,000 in the week ended July 5. The median forecast in a Bloomberg survey of economists called for 235,000 applications. Continuing claims, a proxy for the number of people receiving benefits, rose to 1.97 million in the previous week, still the highest since late 2021, according to Labor Department data released Thursday.” (07/10/25)