The number of US workers filing for initial unemployment benefits in the week ending July 30 remained nearly unchanged. According to reports from the US Department of Labor, requests have dropped by 1000 to 400. It is a further sign of the weakness of the American labor market.
In Previous week the number of applicants had dropped by 21. However, the result is better than expected. In fact, analysts estimated an increase of 7.000 units.
The four-week average, a more reliable indicator as it is not subject to market fluctuations, fell by 6.750 units to 407.750 units.
The total number of workers receiving unemployment benefits in the week ending July 23 - the latest for which data is available - rose by 10.000 to 3.730.000.
The unemployment rate for uninsured workers remained unchanged at 3%.
