US Jobless Claims at 1-Month Low in Latest Week


The number of Americans filling for unemployment fell by 16 thousand to 212 thousand in the week ending May 11th 2019 from the previous week's unrevised level of 228 thousand while markets had expected a smaller drop to 220 thousand. This is the lowest level for initial claims since the week ended April 13th of 2019, as seasonal effects from the timing of Easter have faded.

The 4-week moving average was 225,000, an increase of 4,750 from the previous week's unrevised average of 220,250. 

According to unadjusted data, the largest declines were seen in New York (-15,255), Pennsylvania (-1,029) and Arizona (-631) while the biggest rises were registered in California (+1,848), Texas (+394) and Minnesota (+315).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 4, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending May 4 was 1,660,000, a decrease of 28,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,684,000 to 1,688,000. Figures came below market consensus of 1,680,000. The 4-week moving average was 1,668,250, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,665,750 to 1,666,750. 


US Jobless Claims at 1-Month Low in Latest Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/16/2019 1:31:08 PM