US Jobless Claims Fall Unexpectedly in Latest Week


The number of Americans filling for unemployment benefits decreased by 2 thousand to 210 thousand in the week ending in August 18 from the previous unrevised week level of 212 thousand. It compares with market expectations of 215 thousand. Jobless claims declined for the third consecutive week to its lowest since July 14.

The 4-week moving average was 213,750, a fall of 1,750 from the previous week's unrevised average of 215,500.

According to unadjusted data, the largest declines were seen in Georgia (-1,188), Pennsylvania (-958) and South Carolina (-615) while the biggest increases were recorded in California (+950), New Jersey (+359) and North Carolina (+251). Claims dropped in Puerto Rico (-467) while rose in Virgin Islands (+1).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 11, unchanged from the previous week's unrevised rate. 

Continuing jobless claims, the number of people already receiving benefits, during the week ending August 11 was 1,727,000, a decrease of 2,000 from the previous week's revised level of 1,729,000 and below market consensus of 1,731,000. The previous week's level was revised up 8,000 from 1,721,000 to 1,729,000. The 4-week moving average was 1,735,500, a decrease of 5,000 from the previous week's revised average. The previous week's average was revised up by 2,000 from 1,738,500 to 1,740,500. 

US Jobless Claims Fall Unexpectedly in Latest Week


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/23/2018 12:54:48 PM