US Jobless Claims Rise Slightly Less than Expected

The number of Americans filling for unemployment benefits rose by 3 thousand to 213 thousand in the week ending August 25 from the previous unrevised level of 210 thousand. It was the first rise in jobless claims after three straight weeks of decline and compares with market expectations of 214 thousand.

Meanwhile, the 4-week moving average was 212,250, a decrease of 1,500 from the previous week's unrevised average of 213,750. This is the lowest level for this average since December 13, 1969 when it was 210,750.

According to unadjusted data, the biggest increases were reported in New York (+4,904), Michigan (+836), Pennsylvania (+583) and Washington (+575) while the largest declines were seen in California (-919), New Jersey (-987) and Georgia (-745).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 18, unchanged from the previous week's unrevised rate.

Continuing jobless claims, the number of people already receiving benefits, during the week ending August 18 were 1,708,000, a decrease of 20,000 from the previous week's upwardly revised level of 1,728,000. It compares with market consensus of 1,725,000. The 4-week moving average was 1,731,250, a decrease of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 1,735,500 to 1,735,750. 

US Jobless Claims Rise Slightly Less than Expected

DOL | Luisa Carvalho |
8/30/2018 1:02:25 PM