US Initial Claims Rise to 230K as Expected


The number of Americans filing for unemployment benefits increased by 7 thousand to 230 thousand in the week ended February 10th 2018 from an upwardly revised 223 thousand in the previous week, in line with market expectations. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

The 4-week moving average was 228,500, an increase of 3,500 from the previous week's revised average. The previous week's average was revised up by 500 from 224,500 to 225,000. 

On a non-seasonally adjusted basis, the biggest rises in initial claims were seen in Utah (383), followed by Iowa (368); Michigan (359); Minnesota (330); Kansas (272) and Illinois (225). Claims in Puerto Rico fell by 1484 and in Virgin Islands went up by only 7.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending February 3, unchanged from the previous week's unrevised rate.

Continuing claims during the week ending February 3 was 1,942,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,923,000 to 1,927,000.

The 4-week moving average was 1,941,250, a decrease of 5,750 from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,946,000 to 1,947,000. 

US Initial Claims Rise to 230K as Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/15/2018 3:05:32 PM