The number of Americans filling for unemployment benefits eased to 2.123 million in the week ended May 23rd, the lowest level since the coronavirus crisis began more than two months ago. Still, filings came in slightly above market expectations of 2.1 million and lifted the total reported since March 21st to 40.7 million. On a non seasonally adjusted basis, the biggest increases in jobless claims were recorded in Virginia, Pennsylvania and Kentucky while the largest decreases were reported in Washington, Florida, California and New York. The 4-week moving average, which removes week-to-week volatility, eased for the fifth straight week to 2.608 million. Meanwhile, continuing jobless claims decreased by 3,860 to 21 million in the week ended May 16th from a record 24.9 million in the week ended May 9th. Figures beat market forecasts of 25.8 million and showed the first decrease in continuing claims since the coronavirus pandemic started in March.
Initial Jobless Claims in the United States averaged 363.08 Thousand from 1967 until 2020, reaching an all time high of 6867 Thousand in March of 2020 and a record low of 162 Thousand in November of 1968. This page provides the latest reported value for - United States Initial Jobless Claims - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Initial Jobless Claims - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: U.S. Department of Labor
Initial Jobless Claims in the United States is expected to be 220.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Initial Jobless Claims in the United States to stand at 237.91 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 267.12 Thousand in 2021, according to our econometric models.