US Jobless Claims Unexpectedly at 5-Week High


The number of Americans filling for unemployment benefits rose to 222 thousand in the week ended June 8th 2019, from the previous week's upwardly revised revised level of 219 thousand while markets had expected it to fall to 116 thousand. Jobless claims hit the highest level since the week ended May 4th 2019.

The 4-week moving average was 225,500, an increase of 2,750 from the previous week's revised average. The previous week's average was revised up by 500 from 222,250 to 222,750.

According to unadjusted data, the biggest rises were recorded in Illinois (+1,636) and Tennessee (+1,500) while the largest declines were observed in Michigan (-3,774), New Jersey (-1,747) and California (-1,448).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 26, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending May 26 was 1,741,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 1,726,000 to 1,720,000. It compares with market consensus of 1,680,000. The 4-week moving average was 1,728,750, a decrease of 13,250 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week's average was revised down by 1,500 from 1,743,500 to 1,742,000. 


 US Jobless Claims Unexpectedly at 5-Week High


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/13/2019 1:23:16 PM