US Jobless Claims Fall More than Expected


The number of Americans filling for unemployment benefits fell by 8 thousand to 207 thousand in the week ended September 29 from the previous week’s upwardly revised level of 215 thousand and compared with market expectations of 213 thousand. Claims for South and North Carolina continue to be affected by the effects of Hurricane Florence, which caused damages in the region in mid-September. According to unadjusted data, claims declined the most in North Carolina (-4,783), Kentucky (-4,643), New York (-804) and California (-514) while the biggest rises were reported in South Carolina (+939), Illinois (+521) and Ohio (+478).

The 4-week moving average was 207,000, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 206,250 to 206,500. 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 22, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending September 22 was 1,650,000, a decrease of 13,000 from the previous week's upwardly revised level of 1,663,000. It compares with market consensus of 1,665,000. The 4-week moving average was 1,664,500, a decrease of 15,250 from the previous week's revised average. This is the lowest level for this average since October 27, 1973 when it was 1,664,250. 

 US Jobless Claims Fall More than Expected


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/4/2018 1:05:38 PM