US Jobless Claims Fall More Than Expected


The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended May 6th, 2017 from the previous week's unrevised level of 238 thousand, below market expectations of 245 thousand. It is the lowest figure in four weeks. Meanwhile, the number of continuing claims fell by 61 thousand to 1918 thousand, the lowest figure since November 5th, 1988 when it was 1898 thousand.

The 4-week moving average for initial claims was 243,500, an increase of 500 from the previous week's unrevised average of 243,000.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week's unrevised rate.

For continuing claims, the previous week's level was revised up 15,000 to 1,979,000. The 4-week moving average was 1,965,500, a decrease of 27,500 from the previous week's revised average. This is the lowest level for this average since February 2, 1974 when it was 1,964,250. The previous week's average was revised up by 3,750 from 1,989,250 to 1,993,000. 

US Jobless Claims Fall More Than Expected


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
5/11/2017 12:41:53 PM