US Jobless Claims Rise Less than Expected


The number of Americans filling for unemployment benefits increased by 8 thousand to 214 thousand in the week ending December 15 from the previous week's unrevised level of 206 thousand, which was the biggest decline in near 49 years. It compares with market expectations of a 10 thousand gain to 216 thousand.

The 4-week moving average was 222,000, a decrease of 2,750 from the previous week's unrevised average of 224,750. 

According to unadjusted data, the biggest increases were seen in Massachusetts (+1,020); California (+922); Virginia (+412) and Connecticut (286) while the largest declines were recorded in Illinois (-1,911); Michigan (-1,423); Georgia (-845) and Texas (-672).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 8, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending December 8 was 1,688,000, an increase of 27,000 from the previous week's unrevised level of 1,661,000. The 4-week moving average was 1,672,500, an increase of 6,750 from the previous week's unrevised average of 1,665,750.

US Jobless Claims Rise Less than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/20/2018 1:49:46 PM