US Jobless Claims Unchanged in Latest Week


The number of Americans filling for unemployment benefits came in at 230 thousand in the week ending April 27th 2019, the same as the week before and compared with market expectations of 215 thousand. Jobless claims stood at its highest level since February 9th 2019. The volatility in recent weeks has been attributed to Easter holidays as well as school spring breaks. Also, a workers’ strike at the Stop & Shop supermarket chain likely influenced the recent surge.

The 4-week moving average was 212,500, an increase of 6,500 from the previous week's unrevised average of 206,000.

According to unadjusted data, the biggest rises were recorded in New York (+6,637), New Jersey (+2,964) and Delaware (+760) while the largest declines were seen in Massachusetts (-6,701), California (-2,731), Rhode Island (-2,461) and Connecticut (-1,763).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 20, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending April 20 was 1,671,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,655,000 to 1,654,000. It compares with market expectations of 1,659,000. The 4-week moving average was 1,673,750, a decrease of 13,750 from the previous week's revised average. The previous week's average was revised down by 250 from 1,687,750 to 1,687,500.

US Jobless Claims Unchanged in Latest Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/2/2019 2:08:44 PM