US Jobless Claims Fall to 240K


The number of Americans filing for unemployment benefits dropped by 5 thousand to 240 thousand in the week ended July 29th from the previous week's revised level of 245 thousand and slightly below market expectations of 242 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, fell by 2.5 thousand to 241,750 thousand.

The previous week's level was revised up by 1,000 from 244,000 to 245,000. The previous week's average was revised up by 250 from 244,000 to 244,250.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 22, unchanged from the previous week's unrevised rate. 

Continuing claims during the week ending July 22 was 1,968,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,964,000 to 1,965,000. The 4-week moving average was 1,964,750, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 250 from 1,963,750 to 1,964,000. 

DOL | Joana Taborda | joana.taborda@tradingeconomics.com
8/3/2017 12:36:24 PM