US Jobless Claims Below Expectations


The number of Americans filing for unemployment benefits increased by 1 thousand to 234 thousand in latest week, lower than market expectations of 238 thousand. It is 116th straight week that claims were below 300,000, a level associated with a healthy jobs market. In addition, the 4-week moving average which removes weekly volatility fell to 235.25 thousand, the lowest in 44 years.

The previous week's level was revised up by 1,000 from 232,000 to 233,000.

The 4-week moving average was 235,250, a decrease of 5,750 from the previous week's revised average. This is the lowest level for this average since April 14, 1973 when it was 232,750. The previous week's average was revised up by 250 from 240,750 to 241,000.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 13, unchanged from the previous week's unrevised rate.

Continuing claims during the week ending May 13 were 1,923,000, an increase of 24,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,898,000 to 1,899,000. The 4-week moving average was 1,930,250, a decrease of 16,000 from the previous week's revised average. This is the lowest level for this average since January 19, 1974 when it was 1,920,750. The previous week's average was revised up by 250 from 1,946,000 to 1,946,250.

US Jobless Claims Below Expectations


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
5/25/2017 12:39:13 PM