US Initial Claims Down to 5-Week Low


The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended December 2nd, below market expectations of 240 thousand. It is the third straight week of declines in initial claims, bringing it to the lowest since the last week of October. Claims taking procedures continue to be disrupted in the Virgin Islands and those in Puerto Rico still have not returned to normal.

The 4-week moving average was 241,500, a decrease of 750 from the previous week's unrevised average of 242,250. 

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 25, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending November 25 was 1,908,000, a decrease of 52,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,957,000 to 1,960,000. The 4-week moving average was 1,912,750, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 750 from 1,911,000 to 1,911,750. 

US Initial Claims Down to 5-Week Low


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
12/7/2017 1:38:08 PM