US Jobless Claims Fall to Lowest Level in 5 Weeks



The number of Americans filing for unemployment benefits decreased by 1,000 to 261,000 in the week ended August 20th compared with the previous week's unrevised level of 262,000. The figure came in below market expectations of 265,000 to hit its lowest level in five weeks.

This marks 77 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 264,000, a decrease of 1,250 from the previous week's unrevised average of 265,250.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 13, unchanged from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending August 13 was 2,145,000, a decrease of 30,000 from the previous week's unrevised level of 2,175,000. The 4-week moving average was 2,155,250, an increase of 250 from the previous week's unrevised average of 2,155,000. 

US Jobless Claims Fall to Lowest Level in 5 Weeks


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/25/2016 1:37:31 PM