US Jobless Claims Fall to 3-Month Low



The number of Americans filing for unemployment benefits decreased by 1,000 to 253,000 in the week ended July 16th compared with the previous week's unrevised level of 254,000. The figure came in way below market expectations of 265,000 and hit its lowest level since April.

This marks 72 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 257,750, a decrease of 1,250 from the previous week's unrevised average of 259,000.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending July 9, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending July 9 was 2,128,000, a decrease of 25,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,149,000 to 2,153,000. The 4-week moving average was 2,141,250, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,143,000 to 2,144,000.

US Jobless Claims Fall to 3-Month Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/21/2016 1:59:57 PM