US Jobless Claims Fall Less than Expected


The number of Americans filling for unemployment benefits decreased by 19 thousand to 234 thousand in the week ending February 2 from the previous week’s unrevised level of 253 thousand. It compares with market expectations of 221 thousand.

The 4-week moving average was 224,750, an increase of 4,500 from the previous week's unrevised average of 220,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 26, unchanged from the previous week's unrevised rate. 

According to unadjusted data, the largest declines were reported in California (-6,528); Florida (-1,750); New Jersey (-1,359) and Missouri (-1,230) while the biggest increases were seen in Pennsylvania (+5,038); Wisconsin (+4,576); New York (+3,853) and Texas (+1,763).

The advance number for seasonally adjusted insured unemployment during the week ending January 26 was 1,736,000, a decrease of 42,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,782,000 to 1,778,000. The 4-week moving average was 1,741,250, an increase of 4,250 from the previous week's revised average. The previous week's average was revised down by 750 from 1,737,750 to 1,737,000.

Initial claims for UI benefits filed by former Federal civilian employees totaled 6,669 in the week ending January 26, a decrease of 8,070 from the prior week. 

There were 538 initial claims filed by newly discharged veterans, a decrease of 77 from the preceding week. There were 57,389 former Federal civilian employees claiming UI benefits for the week ending January 19, an increase of 17,277 from the previous week. Newly discharged veterans claiming benefits totaled 7,866, an increase of 1,171 from the prior week.

US Jobless Claims Fall Less than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
2/7/2019 1:37:21 PM