US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 14 thousand to 257 thousand in the week ended April 22nd 2017 from the previous week's revised level of 243 thousand and above market expectations of 245 thousand.

Claims have now been below 300,000 for 112 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 242,250, a decrease of 500 from the previous week's revised average. The previous week's average was revised down by 250 from 243,000 to 242,750.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 15, unchanged 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 15 was 1,988,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,979,000 to 1,978,000. The 4-week moving average was 2,007,250, a decrease of 16,000 from the previous week's revised average. This is the lowest level for this average since June 10, 2000 when it was 2,006,000. The previous week's average was revised down by 250 from 2,023,500 to 2,023,250. 

US Jobless Claims Rise More Than Expected


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/27/2017 12:36:30 PM