US Jobless Claims Hit 6-Month High in Latest Week



The number of Americans filling for unemployment benefits rose by 10 thousand to 234 thousand in the week ending November 24 from the previous week's unrevised level of 224 thousand and against market expectations of a drop to 220 thousand. Claims increased for the third straight week, hitting its highest level since the week ending May 19. However, the Thanksgiving Day was observed on Thursday which could have influenced the data.

The 4-week moving average was 223,250, an increase of 4,750 from the previous week's unrevised average of 218,500.

According to unadjusted data, the biggest rises were reported in Pennsylvania (+3,677), Wisconsin (+2,212), Massachusetts (+1,193) and Kentucky (+1,173) while the largest declines were seen in Texas (-5,592), California (-3,822) and Florida (-2,381).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 17, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending November 17 was 1,710,000, an increase of 50,000 from the previous week's revised level. It compares with market consensus of 1,664,000. The previous week's level was revised down by 8,000 from 1,668,000 to 1,660,000. The 4-week moving average was 1,667,750, an increase of 19,750 from the previous week's revised average. The previous week's average was revised down by 1,750 from 1,649,750 to 1,648,000. 

 US Jobless Claims Hit 6-Month High in Latest Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/29/2018 2:12:12 PM