US Jobless Claims Fall More than Expected


The number of Americans filling for unemployment benefits decreased by 12 thousand to 209 thousand in the week ended August 17th 2019 from the previous week's revised level of 221 thousand and beating market expectations of 216 thousand.

The 4-week moving average was 214,500, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 213,750 to 214,000. 

According to unadjusted data, the largest decreases were seen in California (-5,946), Florida (-1,095) and Texas (-1,044) while the biggest rises were reported in Rhode Island (+146), Alaska (+89) and Nevada (+68).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 10, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending August 10 was 1,674,000, a decrease of 54,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,726,000 to 1,728,000. The 4-week moving average was 1,697,000, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 500 from 1,697,250 to 1,697,750.

US Jobless Claims Fall More than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
8/22/2019 12:53:03 PM