US Jobless Claims Lower than Expected



The number of Americans filing for unemployment benefits fell by 4 thousand to 218 thousand in the week ending June 9th, below market expectations of 224 thousand. It is the lowest reading in five weeks.

The previous week level was unrevised at 222,000. The 4-week moving average was 224,250, a decrease of 1,250 from the previous week's unrevised average of 225,500.

According to unadjusted data, the biggest declines in jobless claims were seen in Missouri (-919), Mississippi (-711) and Arkansas (-667) while the highest increases were recorded in Pennsylvania (5,974), California (5,107) and Texas (2,299). Claims fell in the Virgin Islands (-3) but rose in Puerto Rico (780). 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 2, unchanged from the previous week's unrevised rate. 

Continuing claims during the week ending June 2 were 1,697,000, a decrease of 49,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 1, 1973 when it was 1,692,000. The previous week's level was revised up 5,000 from 1,741,000 to 1,746,000. The 4-week moving average was 1,726,250, a decrease of 3,750 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 up by 1,250 from 1,728,750 to 1,730,000. 

US Jobless Claims Lower than Expected


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
6/14/2018 12:44:45 PM