US Jobless Claims at 4-Week Low


The number of Americans filing for unemployment benefits decreased by 4,000 to 262,000 in the week ended August 13th, 2016. It is the lowest figure in four weeks and better than market expectations of 265,000. It marks the 76th consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

The 4-week moving average was 265,250, an increase of 2,500 from the previous week's unrevised average of 262,750.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 6, unchanged from the previous week's unrevised rate. 

Continuing claims were at 2,175,000 during the week ended August 6 2016, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,155,000 to 2,160,000. 

The 4-week moving average was 2,155,000, an increase of 10,750 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,143,000 to 2,144,250. 

US Jobless Claims at 4-Week Low


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2016 1:40:12 PM