US Initial Claims Unexpectedly Drop for Fourth Week



The number of Americans filing for unemployment benefits decreased by 11 thousand to 225 thousand in the week ended December 9th, from the previous week's unrevised level of 236 thousand and below market expectations of 239 thousand. It is the fourth straight week of declines in initial claims, bringing it to the lowest since the week ended October 14th. Claims taking procedures continue to be disrupted in the Virgin Islands and those in Puerto Rico still have not returned to normal.

Last week marked the 145th straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the longest such stretch since 1970.

The 4-week moving average was 234,750, a decrease of 6,750 from the previous week's unrevised average of 241,500. 

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending December 2, a decrease of 0.1 percentage point from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment (continuing jobless claims) during the week ending December 2 was 1,886,000, a decrease of 27,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 1,908,000 to 1,913,000. The 4-week moving average was 1,918,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 1,912,750 to 1,914,000. 

US Initial Claims Unexpectedly Drop for Fourth Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/14/2017 1:57:18 PM