The number of Americans filing for unemployment benefits fell by 193 thousand from a week earlier to 576 thousand in the week ending April 10th, the lowest level since the negative effects of the coronavirus crisis began to be felt back in March 2020 and well below market expectations of 700 thousand. The labor market has been supported by the quick pace of COVID-19 vaccinations, the lifting of pandemic business restrictions in many states and the government's $1.9 trillion stimulus package, which prompted employers to hire more workers to respond to growing demand. On a more negative note, the weekly report also showed that 16.9 million people were continuing to collect jobless benefits in the March 27th week, showing that millions were still facing a loss of a job or income despite the recent job market recovery. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 371.49 Thousand from 1967 until 2021, reaching an all time high of 6149 Thousand in April 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 April of 2021.
Initial Jobless Claims in the United States is expected to be 500.00 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 300.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 270.00 Thousand in 2022, according to our econometric models.