Updated: 10-Jul-25 09:17 ET
Highlights
- Initial jobless claims decreased by 5,000 for the week ending July 5 to 227,000 (Briefing.com consensus: 245,000).
- Continuing jobless claims for the week ending June 28 increased by 10,000 to 1.965 million, which is the highest level since November 13, 2021.
- The four-week moving average for initial claims decreased by 5,750 to 235,500.
- The four-week moving average for continuing claims increased by 3,500 to 1,955,250, reaching its highest level since November 20, 2021.
- The total number of continued weeks claimed for benefits in all programs for the week ending June 21 was 1,928,512, an increase of 37,859 from the previous week and compared to 1,845,179 in the comparable week a year ago.
- The key takeaway from the report continues to be that businesses have been slow to let employees go, but that it has become more difficult to find a job after losing one. This dynamic reflects a softening labor market, but not a truly weak labor market.
| Category | Jul 5 | Jun 28 | Jun 21 | Jun 14 | Jun 7 |
| Initial Claims | 227K | 232K | 237K | 246K | 250K |
| 4-Wk Moving Avg | 236K | 241K | 245K | 246K | 241K |
| Continued Benefits | 1965K | 1955K | 1964K | 1937K | |
| 4-Wk Moving Avg | 1955K | 1952K | 1939K | 1924K |
