US Initial Jobless Claims Below Forecasts


The number of Americans filing for unemployment benefits fell by 7 thousand to 222 thousand in the week ended February 17th 2018, below market expectations of 230 thousand. It is the lowest reading in five weeks.

The previous week's level was revised down by 1,000 from 230,000 to 229,000. The 4-week moving average was 226,000, a decrease of 2,250 from the previous week's revised average. The previous week's average was revised down by 250 from 228,500 to 228,250.

According to unadjusted data, the biggest declines in initial claims were seen in Michigan (-5,248); Illinois (-1,977); NY (-884); Washington (-874); and Maryland (-840). Claims in Puerto Rico rose by 1,068 and in Virgin Islands by 11. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. 

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending February 10, a decrease of 0.1 percentage point from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 10 was 1,875,000, a decrease of 73,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 1,942,000 to 1,948,000. 

The 4-week moving average was 1,926,500, a decrease of 16,250 from the previous week's revised average. The previous week's average was revised up by 1,500 from 1,941,250 to 1,942,750. 

US Initial Jobless Claims Below Forecasts


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
2/22/2018 1:48:25 PM