US Jobless Claims Drop Less than Expected


The number of Americans filling for unemployment benefits decreased by 4 thousand to 231 thousand in the week ending December 1 from the previous week's revised level of 235 thousand. It compares with market expectations of a decline to 225 thousand.

The 4-week moving average was 228,000, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 500 from 223,250 to 223,750.

According to unadjusted data, the largest declines were seen in Oklahoma (-1,022), Kentucky (-753), Vermont (-309) and Massachusetts (-189) while the biggest increases were reported in California (+21,803), Pennsylvania (+9,954), New York (+8,965) and Illinois (+8,022).

The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending November 24, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending November 24 was 1,631,000, a decrease of 74,000 from the previous week's revised level. Figures came below market expectations of 1,700,000. The previous week's level was revised down by 5,000 from 1,710,000 to 1,705,000. The 4-week moving average was 1,667,000, an increase of 250 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,667,750 to 1,666,750. 

US Jobless Claims Drop Less than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/6/2018 1:53:12 PM