US Initial Claims at Over 2-Year High


The number of Americans filing for unemployment benefits increased by 62 thousand to 298 thousand in the week ended September 2nd, well above market expectations of 241 thousand. It is the highest value since the week ended April 18th 2015, due to the impact of Hurricane Harvey.

The 4-week moving average was 250,250, an increase of 13,500 from the previous week's unrevised average of 236,750.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending August 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 26 was 1,940,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,942,000 to 1,945,000. 

The 4-week moving average was 1,948,250, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 750 from 1,951,500 to 1,952,250.

DOL | Joana Taborda | joana.taborda@tradingeconomics.com
9/7/2017 12:32:43 PM