US Jobless Claims Rise to Near 1-1/2-Year High


The number of Americans filling for unemployment benefits increased by 53 thousand to 253 thousand in the week ending January 26 from the previous week’s revised level of 200 thousand. This is the highest level for initial claims since September 30, 2017 when it was 254,000. It compares with market expectations of 215 thousand.

The 4-week moving average was 220,250, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 215,000 to 215,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 19, unchanged from the previous week's unrevised rate. 

According to unadjusted data, the biggest increases were seen in California (+11,159); Iowa (+971) and Wisconsin (+608) while the largest declines were reported in Texas (-5,219); Ohio (-3,492); Florida (-3,123) and Georgia (-2,160). 

The advance number for seasonally adjusted insured unemployment during the week ending January 19 was 1,782,000, an increase of 69,000 from the previous week's unrevised level of 1,713,000. This is the highest level for insured unemployment since April 28, 2018 when it was 1,794,000. The 4-week moving average was 1,737,750, an increase of 8,000 from the previous week's unrevised average of 1,729,750. This is the highest level for this average since August 4, 2018 when it was 1,729,000.

Initial claims for UI benefits filed by former Federal civilian employees totaled 14,739 in the week ending January 19, a decrease of 10,680 from the prior week. 

There were 615 initial claims filed by newly discharged veterans, a decrease of 55 from the preceding week. There were 40,112 former Federal civilian employees claiming UI benefits for the week ending January 12, an increase of 15,431 from the previous week. Newly discharged veterans claiming benefits totaled 6,695, a decrease of 56 from the prior week.

US Jobless Claims Rise to Near 1-1/2-Year High


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/31/2019 1:41:39 PM