US Jobless Claims Decrease Less Than Expected


The number of Americans filing for unemployment benefits decreased by 10 thousand to 245 thousand in the week ended June 3rd 2017, compared to market expectations of 240 thousand. The 4-week moving average which removes week to week volatility went up by 2.25 thousand to 242 thousand.

For initial claims, the previous week's level was revised up by 7,000 to 255,000. The 4-week moving average from the previous week was revised up by 1,750 to 239,750.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 27, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending May 27 was 1,917,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,915,000 to 1,919,000. The 4-week moving average was 1,914,750, a decrease of 750 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. The previous week's average was revised up by 1,000 from 1,914,500 to 1,915,500.

US Jobless Claims Decrease Less Than Expected


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
6/8/2017 12:39:57 PM