US Jobless Claims Unexpectedly Fall to Lowest Since 1969


The number of Americans filling for unemployment benefits decreased by 13 thousand to 199 thousand in the week ending January 19 from the previous week’s revised level of 212 thousand. This is the lowest level for initial claims since November 15, 1969 when it was 197 thousand. It compares with market expectations of 220 thousand.


The 4-week moving average was 215,000, a decrease of 5,500 from the previous week's revised average. The previous week's average was revised down by 250 from 220,750 to 220,500.

According to unadjusted data, the largest declines were reported in Kentucky (-8,293); Pennsylvania (-7,920); Michigan (-6,966) and Georgia (-6,047); increases were only seen in Ohio (+2,260) and Kansas (+597).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 12, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending January 12 was 1,713,000, a decrease of 24,000 from the previous week's unrevised level of 1,737,000. The 4-week moving average was 1,729,750, an increase of 1,250 from the previous week's unrevised average of 1,728,500.

Initial claims for UI benefits filed by former Federal civilian employees totaled 25,419 in the week ending January 12, an increase of 14,965 from the prior week. There were 670 initial claims filed by newly discharged veterans, an increase of 189 from the preceding week.

There were 24,681 former Federal civilian employees claiming UI benefits for the week ending January 5, an increase of 11,183 from the previous week. Newly discharged veterans claiming benefits totaled 6,751, an increase of 158 from the prior week. 

US Jobless Claims Unexpectedly Fall to Lowest Since 1969


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/24/2019 1:45:13 PM