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Weekly jobless claims report shows mixed results

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(Read caption) This chart shows the US's initial unemployment claims, which are increased by 8,000 this week from 304,000 claims to 312,000.

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Yesterday's jobless claims report showed an increase to initial unemployment claims and a decline to continued unemployment claims as seasonally adjusted initial claims hovered very near the 300K level. 

Seasonally adjusted “initial” unemployment claims increased 8,000 to 312,000 claims from 304,000 claims for the prior week while seasonally adjusted “continued” claims declined by 20,000 to 2.603 million resulting in an “insured” unemployment rate of two percent.

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