US Initial Jobless Claims Flat at Near 48-Year Low


The number of Americans filing for unemployment benefits stood at 211 thousand in the week ending May 5, keeping initial claims near more than a 48-year low and missing market expectations of 218 thousand.

The 4-week moving average was 216,000, a decrease of 5,500 from the previous week's unrevised average of 221,500. This is the lowest level for this average since December 20, 1969 when it was 214,500. 

According to unadjusted data, the main decreases in initial claims were reported for Wisconsin (-1,795), Connecticut (-769), Arkansas (-458) and New Hampshire (-432) while the biggest increases were seen in Ohio (+1,744), Texas (+1,726) and Pennsylvania (+1,649). Claims taking procedures in Puerto Rico (-130) and in the Virgin Islands (-9) have still not returned to normal. 

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 28, an increase of 0.1 percentage point from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending April 28 was 1,790,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,756,000 to 1,760,000. The 4-week moving average was 1,812,500, a decrease of 22,000 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 up by 1,250 from 1,833,250 to 1,834,500. 

US Initial Jobless Claims Flat at Near 48-Year Low


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/10/2018 1:08:12 PM