US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended July 22nd from the previous week's revised level of 234 thousand and above market expectations of 241 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, was unchanged at 244 thousand.

Claims have now been below 300,000 for 125 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 244,000, unchanged from the previous week's revised average. The previous week's average was revised up by 250 from 243,750 to 244,000.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 15, 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 July 15 was 1,964,000, a decrease of 13,000 from the previous week's unrevised level of 1,977,000. The 4-week moving average was 1,963,750, an increase of 4,750 from the previous week's unrevised average of 1,959,000. 

DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/27/2017 12:45:32 PM