US Jobless Claims Rise To 5-Week High


The number of Americans filing for unemployment benefits increased by 4 thousand to 248 thousand in the week ended July 1st from the previous week's unrevised level of 244 thousand and above market expectations of 243 thousand. It was the highest level since the week ended May 27th. Meanwhile, the 4-week moving average, which removes week-to-week volatility, increased by 750 to 243 thousand.

Claims have now been below 300,000 for 122 straight weeks, the longest such stretch since 1970.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 24, unchanged from the previous week's unrevised rate.

The continuing claimsdrawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending June 24 was 1,956,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,948,000 to 1,945,000. The 4-week moving average was 1,944,750, an increase of 6,750 from the previous week's revised average. The previous week's average was revised down by 750 from 1,938,750 to 1,938,000.

US Jobless Claims Rise To 5-Week High


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/6/2017 12:52:50 PM