US Jobless Claims Rise to 229K in Latest Week


The number of Americans filing for unemployment benefits edged up to 229,000 in the week ended March 17th 2018, from an unrevised 226,000 in the previous week. Figures came slightly above market expectations of 225,000.

The 4-week moving average was 223,750, an increase of 2,250 from the previous week's unrevised average of 221,500.

According to unadjusted data, the biggest rises in initial claims were seen in NY (1,276), New Jersey (554) and Connecticut (528) while the sharpest falls were recorded in California (-1,871), Georgia (-1,049) and Michigan (-891). Claims taking procedures in Puerto Rico (-481) and in the Virgin Islands (1) have still not returned to normal.

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 10, unchanged from the previous week's unrevised rate. 

Continuing claims decreased by 57,000 to 1,828,000 during the week ending March 10. This is the lowest level for insured unemployment since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 6,000 from 1,879,000 to 1,885,000. 

The 4-week moving average was 1,880,500, a decrease of 11,750 from the previous week's revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week's average was revised up by 1,500 from 1,890,750 to 1,892,250. 

US Jobless Claims Rise to 229K in Latest Week


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
3/22/2018 12:41:57 PM