US Initial Claims Decline to 232K in Latest Week


The number of Americans filing for unemployment benefits fell by 1 thousand to 232 thousand in the week ended April 14th 2018, slightly above market expectations of 230 thousand. It follows an unrevised 233 thousand in the previous week. Claims for new unemployment benefits has never been so low for so long. Initial jobless claims have now held below 300,000 for 163 consecutive weeks, the longest streak for weekly records dating back to 1967.

The 4-week moving average was 231,250, an increase of 1,250 from the previous week's unrevised average of 230,000. 

According to unadjusted data, the biggest declines in initial claims were seen in New Jersey (-6,000), Pennsylvania (-2,733) and Texas (-2,413) while the main rises were recorded in NY (+15,439), California (+4,902) and Connecticut (+2,269). Claims taking procedures in Puerto Rico (-408) and in the Virgin Islands (0) have still not returned to normal.

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 7, unchanged from the previous week's unrevised rate.

Continuing claims decreased by 15,000 to 1,863,000 in the week ending April 7. The previous week's level was revised up 7,000 from 1,871,000 to 1,878,000. The 4-week moving average was 1,858,750, an increase of 6,750 from the previous week's revised average. The previous week's average was revised up by 1,750 from 1,850,250 to 1,852,000. 

US Initial Claims Decline to 232K in Latest Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/19/2018 1:14:51 PM