(Reuters) - A Labor Department official said that temporary layoffs in
the auto sector as plants typically shutdown for retooling have
started to show up in the unadjusted claims data, but that the
department's seasonal factors have adjusted for this.
The four-week moving average, a more reliable measure of
employment conditions because it irons out weekly fluctuations,
fell to 317,750 from 319,250. The number of workers remaining
on jobless benefits inched down by just 4,000 to 2.554 million
for the week ended June 30, the most recent week these figures
were available.
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the auto sector as plants typically shutdown for retooling have
started to show up in the unadjusted claims data, but that the
department's seasonal factors have adjusted for this.
The four-week moving average, a more reliable measure of
employment conditions because it irons out weekly fluctuations,
fell to 317,750 from 319,250. The number of workers remaining
on jobless benefits inched down by just 4,000 to 2.554 million
for the week ended June 30, the most recent week these figures
were available.
Read more at Reuters.com Bonds News
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