US Jobless Claims Fall to 246K


The number of Americans filing for unemployment benefits decreased by 14 thousand to 246 thousand in the week ended January 28th 2017, below market expectations of 250 thousand. Claims have been below 300,000, the level associated with a healthy labor market, for 100 straight weeks. That’s the longest streak since 1970.

The previous week's level was revised up by 1,000 to 260,000.

The 4-week moving average that removes week-to-week volatility increased by 2,250 to 248,000. The previous week's average was revised up by 250 to 245,750.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending January 21, unchanged from the previous week's unrevised rate.

Continuing jobless claims fell by 39,000 to 2,064,000  during the week ending January 21. The previous week's level was revised up 3,000 to 2,103,000.

The 4-week moving average was 2,079,750, a decrease of 13,000 from the previous week's revised average. The previous week's average was revised up by 750 to 2,092,750. 

US Jobless Claims Fall to 246K


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
2/2/2017 1:47:40 PM