US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 3 thousand to 244 thousand in the week ended August 5th from the previous week's revised level of 241 thousand and above market expectations of 240 thousand.

Claims have now been below 300,000 for 127 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 241,000, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 241,750 to 242,000. 

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 29, 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 29 was 1,951,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,968,000 to 1,967,000. The 4-week moving average was 1,965,000, an increase of 500 from the previous week's revised average. The previous week's average was revised down by 250 from 1,964,750 to 1,964,500. 

DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/10/2017 1:59:05 PM