US Jobless Claims Fall for 2nd Straight Week


The number of Americans filling for unemployment benefits dropped by 2 thousand to 212 thousand in the week ending August 11 from the previous week's upwardly revised level of 214 thousand. Jobless claims fell for the second straight week to its lowest level since the week ending in July 14. Market consensus had pointed to an increase to 215 thousand.

The 4-week moving average was 215,500, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 214,250 to 214,500. 

According to unadjusted data, the largest declines were seen in Pennsylvania (-1,129), Iowa (-704) and California (-694) while the biggest increases were reported in Georgia (+479), Virginia (+276) and Connecticut (+261).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 4, unchanged from the previous week's unrevised rate.

Continuing jobless claims, the number of people already receiving benefits, during the week ending August 4 were 1,721,000, a decrease of 39,000 from the previous week's upwardly revised level of 1,760,000. It compares with market consensus of 1,750,000. The 4-week moving average was 1,738,500, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised up by 1,250 from 1,745,250 to 1,746,500. 

US Jobless Claims Fall for 2nd Straight Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/16/2018 1:13:56 PM