The number of Americans filing new claims for unemployment benefits dropped to 376 thousand in the week ending June 5th, the lowest level in nearly 15 months and compared with market expectations of 370 thousand, as the labor market continues to be supported by broader economic re-opening amid a steady decline in the number of daily COVID cases and the rapid pace of vaccinations. In addition, many states recently decided to withdraw from federal unemployment benefit programs as large and small businesses have been complaining about the difficulty to hire, saying the benefits pay more than most minimum wage jobs. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 371.76 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 June of 2021.
Initial Jobless Claims in the United States is expected to be 400.00 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.