US Jobless Claims Unexpectedly Fall 2nd Week


The number of Americans filling for unemployment benefits decreased by 3 thousand to 213 thousand in the week ending January 12 from the previous week’s unrevised level of 216 thousand. It was the second straight week of declines, bringing initial claims to the lowest level since the week ending December 8. It compares with market expectations of 220 thousand.

The 4-week moving average was 220,750, a decrease of 1,000 from the previous week's unrevised average of 221,750.

According to unadjusted data, the largest declines were reported in New York (-23,318); Georgia (-5,010); Pennsylvania (-4,015) and Connecticut (-3,086) while the biggest increases were seen in California (+17,154); Texas (+6,726); Kentucky (+4,024) and Virginia (+2,469).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 5, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending January 5 was 1,737,000, an increase of 18,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,722,000 to 1,719,000. The 4-week moving average was 1,728,500, an increase of 8,000 from the previous week's revised average. The previous week's average was revised down by 750 from 1,721,250 to 1,720,500.

Initial claims for UI benefits filed by former Federal civilian employees rose by an unadjusted 5,694 to 10,454 in the week ended January 5, the second week of the shutdown, with Texas and California posting some of the largest increases.

There were 481 initial claims filed by newly discharged veterans, an increase of 154 from the preceding week. There were 13,498 former Federal civilian employees claiming UI benefits for the week ending December 29, an increase of 2,123 from the previous week. Newly discharged veterans claiming benefits totaled 6,593, an increase of 68 from the prior week.


US Jobless Claims Unexpectedly Fall 2nd Week


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/17/2019 3:04:01 PM