US Jobless Claims Rise Unexpectedly



The number of Americans filling for unemployment benefits rose by 3 thousand to 224 thousand in the week ending November 17 from the previous week's upwardly revised level of 221 thousand and compared with market expectations of 215 thousand. It was the highest level since the week ending June 30. Claims for North Carolina and Florida continued to be affected by Hurricanes Florence and Michael, respectively.

The 4-week moving average was 218,500, an increase of 2,000 from the previous week's revised average. The previous week's average was revised up by 1,250 from 215,250 to 216,500.

According to unadjusted data, the biggest gains in claims were registered in Illinois (+2,193), Minnesota (+1,744), Ohio (+615) and  Iowa (+407) while the largest declines were seen in California (-6,401), New Jersey (-2,425), New York (-1,496) and Florida (-1,198).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 10, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending November 10 was 1,668,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 1,676,000 to 1,670,000. The 4-week moving average was 1,649,750, an increase of 7,500 from the previous week's revised average. The previous week's average was revised down by 1,500 from 1,643,750 to 1,642,250.

US Jobless Claims Rise Unexpectedly


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/21/2018 1:47:22 PM