US Jobless Claims Unexpectedly Fall to 213K


The number of Americans filling for unemployment benefits decreased by 6 thousand to 213 thousand in the week ending August 4 from the previous week's upwardly revised level of 219 thousand. It compares with market consensus of 220 thousand.

The 4-week moving average was 214,250, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 214,500 to 214,750. 

According to unadjusted data, the largest declines were seen in Kentucky (-3,085), Arizona (-461) and Georgia (-295) while the biggest increases were reported in California (+1,680), Pennsylvania (+1,362), Oregon (+682) and Washington (+627). Claims dropped in Virgin Islands (-4) but increased in Puerto Rico (+416).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 28, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 28 was 1,755,000, an increase of 29,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,724,000 to 1,726,000. It compares with market expectations of 1,740,000. The 4-week moving average was 1,745,250, an increase of 3,000 from the previous week's revised average. The previous week's average was revised up by 500 from 1,741,750 to 1,742,250. 

US Jobless Claims Unexpectedly Fall to 213K


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/9/2018 1:18:15 PM