US Jobless Claims Unexpectedly Fall


The number of Americans filling for unemployment benefits decreased by 6 thousand to 212 thousand in the week ended October 19 from the previous week's upwardly revised level of 218 thousand and compared with market expectations of 215 thousand.

The 4-week moving average was 215,000, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 1,000 from 214,750 to 215,750.

According to unadjusted data, the largest declines were reported in New York (-2,827), Michigan (-1,262), Texas (-1,210) and Oklahoma (-1,043), while the biggest rises were seen in Iowa (+422) and Oregon (+406). 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 12, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending October 12 was 1,682,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,679,000 to 1,683,000. Figures came in above market expectations of 1,675,000 The 4-week moving average was 1,677,250, an increase of 6,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,669,750 to 1,670,750. 

US Jobless Claims Unexpectedly Fall


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/24/2019 12:46:45 PM