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Economy in Brief

Initial claims for unemployment insurance fell 8,000 w/w to the lowest level since mid-February. The decrease last week to 295,000 followed a small upward revised 303,000 for the previous period. Consensus expectations for the week ended June 10 were 325,000.

The four-week moving average of initial claims fell to 315,750, the lowest since the beginning of May.

Continuing claims for unemployment insurance rose 15,000 following a downwardly revised 10,000 drop during the previous week.

The insured rate of unemployment remained stable at 1.9% for the fourth consecutive week.

Unemployment Insurance (000s) 06/10/06 06/03/06 Y/Y 2005 2004 2003
Initial Claims 295 303 -11.4% 332 343 403
 Continuing Claims -- 2425 -8.2% 2663 2923 3530
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