US Initial Jobless Claims Rise Less than Expected


The number of Americans filing for unemployment benefits rose by 2 thousand to 211 thousand in the week ending April 28, from the previous week's unrevised level of 209 thousand and missing market expectations of 225 thousand.

The 4-week moving average was 221,500, a decrease of 7,750 from the previous week's unrevised average of 229,250. This is the lowest level for this average since March 3, 1973 when it was 221,250. 

According to unadjusted data, the main increases in initial claims were reported for Wisconsin (+514), Arkansas (+364), Alaska (+340) and New Hampshire (+318) while the biggest declines were seen in Massachusetts (-3,973), Rhode Island (-1,974) and Arizona (-1,810). Claims taking procedures in Puerto Rico (-75) and in the Virgin Islands (-15) have still not returned to normal. 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 21, a decrease of 0.1 percentage point from the previous week's unrevised rate.

Continuing claims decreased by 77,000 to 1,756,000 from the previous week's revised level of 1,833,000 during the week ending April 21. This is the lowest level for insured unemployment since December 8, 1973 when it was 1,717,000. The previous week's level was revised down by 4,000 from 1,837,000 to 1,833,000. The 4-week moving average was 1,833,250, a decrease of 15,500 from the previous week's revised average. This is the lowest level for this average since December 29, 1973 when it was 1,784,250. The previous week's average was revised down by 1,000 from 1,849,750 to 1,848,750. 

US Initial Jobless Claims Rise Less than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/3/2018 12:52:59 PM