US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended April 15th 2017 from the previous week's unrevised level of 234 thousand and above market expectations of 242 thousand.

Claims have now been below 300,000 for 111 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 243,000, a decrease of 4,250 from the previous week's unrevised average of 247,250.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 8, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending April 8 was 1,979,000, a decrease of 49,000 from the previous week's unrevised level of 2,028,000. This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The 4-week moving average was 2,023,500, a decrease of 2,000 from the previous week's unrevised average of 2,025,500. This is the lowest level for this average since June 17, 2000 when it was 2,016,750.

US Jobless Claims Rise More Than Expected


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/20/2017 12:55:05 PM