US Jobless Claims at 3-Week Low


Initial jobless claims in the US unexpectedly fell by 23K to 259K in latest week, well below expectations of 300K. The numbers continued to be influenced by Hurricanes as unadjusted claims rose in Florida but declined in Texas. Meanwhile, the 4-week moving average increased by 6K to 268.750K, the highest since June of 2016.

The previous week's level was revised down by 2,000 to 282,000. The previous week's average was revised down by 500 to 262,750. 

Unadjusted data showed initial claims went down by 23.549 thousand to 28.475 thousand in Texas and in Florida claims went up by 5.133 thousand to 9.906 thousand. 

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending September 9, unchanged from the previous week's unrevised rate. 

Continuing claims increased by 44,000 to 1,980,000, during the week ending September 9. The previous week's level was revised down by 8,000 to 1,936,000. The 4-week moving average was 1,953,000, an increase of 6,500 from the previous week's revised average. The previous week's average was revised down by 2,000 from 1,948,500 to 1,946,500. 

DOL | Joana Taborda | joana.taborda@tradingeconomics.com
9/21/2017 1:18:21 PM