US Jobless Claims Rise to 7-Week High


The number of Americans filling for unemployment benefits increased to 227 thousand in the week ended June 21 2019, from the previous week’s revised level of 217 thousand and compared with market expectations of 220 thousand. Jobless claims hit the highest level since the week ended May 4 2019.

The 4-week moving average was 221,250, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 218,750 to 219,000. 

According to unadjusted data, the biggest rises were recorded in New Jersey (+5,499); California (+5,155), Massachusetts (+4,625) and Connecticut (+3,711) while the largest declines were seen in Pennsylvania (-952); Puerto Rico (-693) and Illinois (-669). 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 15, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending June 15 was 1,688,000, an increase of 22,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,662,000 to 1,666,000. The 4-week moving average was 1,686,750, an increase of 6,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 1,679,000 to 1,680,250.

US Jobless Claims Rise to 7-Week High


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/27/2019 12:43:36 PM