US Initial Jobless Claims Below Forecasts



The number of Americans filing for unemployment benefits decreased by 13 thousand to 221 thousand in the week ending May 26 from the previous week's unrevised level of 234 thousand. It compares with market expectations of 228 thousand.

The 4-week moving average was 222,250, an increase of 2,500 from the previous week's unrevised average of 219,750. 

According to unadjusted data, the biggest declines in claims were recorded in California (-4,034), Kentucky (-3,752), Pennsylvania (-1,490) and Alabama (-1,039). The biggest increases were seen in New York (+1,681) and Illinois (+997). Claims taking procedures in Puerto Rico (578) and in the Virgin Islands (10) have still not returned to normal.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 19, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending May 19 was 1,726,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,741,000 to 1,742,000. The 4-week moving average was 1,743,500, a decrease of 8,500 from the previous week's revised average. This is the lowest level for this average since December 15, 1973 when it was 1,735,750. The previous week's average was revised up by 250 from 1,751,750 to 1,752,000.

US Initial Jobless Claims Below Forecasts


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/31/2018 1:09:50 PM