US Jobless Claims Rise To 243K

The number of Americans filing for unemployment benefits went up by 20 thousand to 243 thousand in the week ended March 4th 2017, slightly above expectations of 235 thousand. The 4-week moving average that removes week-to-week volatility rose by 2,250 to 236,500. Yet, claims have been below 300 thousand for 105 straight weeks, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending February 25, unchanged from the previous week's unrevised rate. 

Continuing claims fell by 6,000 to 2,058,000 during the week ending February 25. The previous week's level was revised down by 2,000 from 2,066,000 to 2,064,000. The 4-week moving average was 2,065,500, a decrease of 5,250 from the previous week's revised average. The previous week's average was revised down by 500 from 2,071,250 to 2,070,750. 

DOL | Joana Taborda |
3/9/2017 1:42:15 PM