US Jobless Claims Rise More than Expected


The number of Americans filling for unemployment benefits increased by 10 thousand to 231 thousand in the week ending December 30 from the previous week’s revised level of 221 thousand and above market expectations of 220 thousand.

The 4-week moving average was 218,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 218,000 to 219,250.

According to unadjusted data, the biggest increases were seen in New Jersey (+7,784); Pennsylvania (+7,410); Michigan (+7,001); Connecticut (+5,465) and Ohio (+5,013) while the largest declines were reported in California (-10,907); Texas (-4,800); Florida (-1,959) and North Carolina (-1,759).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 22, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending December 22 was 1,740,000, an increase of 32,000 from the previous week's revised level. The previous week's level was revised up 7,000 from 1,701,000 to 1,708,000. The 4-week moving average was 1,703,500, an increase of 26,000 from the previous week's revised average. The previous week's average was revised up by 1,750 from 1,675,750 to 1,677,500.

US Jobless Claims Rise More than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/3/2019 1:42:55 PM