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Initial unemployment insurance filings ticked up by 1,000 for the week ending Aug. 1, but landed well under analyst expectations
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Weekly unemployment insurance claims rose slightly for the week ending August 1, reaching 199,000 — an increase of 1,000 from the previous week's revised level of 198,000, the Department of Labor reported Thursday.
The prior week's figure was revised up by 1,000 from 197,000 to 198,000. The four-week moving average, which smooths week-to-week volatility, fell to 198,750, a decrease of 4,500 from the previous week's revised average of 203,250.
