US Jobless Claims Rise Less Than Expected


The number of Americans filing for unemployment benefits increased by 1,000 to 260,000 in the week ended September 10th compared with the previous week's unrevised level of 259,000 and below market expectations of 265,000. The four-week average, seen as a better measure of labor market trends as it removes week-to-week volatility, dropped to a five-week low of 260,750.

This marks 80 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 260,750, a decrease of 500 from the previous week's unrevised average of 261,250.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending September 3, 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 September 3 was 2,143,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 2,144,000 to 2,142,000. The 4-week moving average was 2,146,750, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,153,750 to 2,154,750.

 US Jobless Claims Rise Less Than Expected


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/15/2016 12:36:10 PM