Initial Jobless Claims Rise 37,000 to 464,000

Initial jobless claims rose 37,000 to 464,0000 in the week ending July 17. The revised figure for the previous week was 427,000. The four-week moving average, a clearer measure of unemployment trends, rose 1,250 to 456,000. The revised average for the previous week was 454,750, the Department of Labor said in a statement.