The number of Americans filing new claims for unemployment benefits dropped by 34 thousand to 473 thousand in the week ending May 8th, the lowest level since the pandemic first hit the US labor market in March 2020 and below market expectations of 490 thousand. The country continued its reopening efforts helped by the rapid pace of COVID-19 vaccinations, while the government's massive stimulus package boosted demand. Also, unadjusted claims dropped to 487 thousand last week from 514 thousand the week before, with the largest declines being recorded in Michigan, New York, Vermont and Florida. On the other hand, the states of Georgia, Washington and Illinois posted the biggest increases in the number of new claims. source: U.S. Department of Labor

Initial Jobless Claims in the United States averaged 371.72 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 May 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.

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United States Initial Jobless Claims

Actual Previous Highest Lowest Dates Unit Frequency
473.00 507.00 6149.00 162.00 1967 - 2021 Thousand Weekly
Volume, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-22 12:30 PM 17/Apr 547K 586K 617K 695K
2021-04-29 12:30 PM 24/Apr 553K 566K 549K 551K
2021-05-06 12:30 PM 01/May 498K 590K 540K 545K
2021-05-13 12:30 PM 08/May 473K 507K 490K 451K
2021-05-20 12:30 PM 15/May 473K 450K 451K
2021-05-27 12:30 PM 22/May
2021-06-03 12:30 PM 29/May
2021-06-10 12:30 PM 05/Jun


News Stream
US Weekly Jobless Claims Drop to 14-Month Low
The number of Americans filing new claims for unemployment benefits dropped by 34 thousand to 473 thousand in the week ending May 8th, the lowest level since the pandemic first hit the US labor market in March 2020 and below market expectations of 490 thousand. The country continued its reopening efforts helped by the rapid pace of COVID-19 vaccinations, while the government's massive stimulus package boosted demand. Also, unadjusted claims dropped to 487 thousand last week from 514 thousand the week before, with the largest declines being recorded in Michigan, New York, Vermont and Florida. On the other hand, the states of Georgia, Washington and Illinois posted the biggest increases in the number of new claims.
2021-05-13
US Jobless Claims to Fall to New Pre-Pandemic Low
Initial jobless claims are likely to decrease to an over year low of 490 thousand in the May 8th week, as the gradual re-opening of the economy prompt employers to hire more workers to respond to growing demand. The labor market recovery has been supported by the government's stimulus packages and the rapid pace of COVID-19 vaccinations. Meanwhile, continuing claims are seen declining to 3.655 million in the May 1st week from 3.69 million the week before, but remaining well above pre-pandemic levels.
2021-05-13
US Weekly Jobless Claims Fall to Over 1-Year Low
The number of Americans filing new claims for unemployment benefits dropped by 92 thousand to 498 thousand in the week ending May 1st, the lowest level since March 2020, when the pandemic first hit the US economy. The pace of the labor market's recovery gained further momentum in the spring, as the acceleration in the pace of COVID-19 vaccinations allowed the country to gradually reopen and as the government's $1.9 trillion relief package boosted domestic demand.
2021-05-06
US Weekly Jobless Claims Seen Falling to Lowest in Over a Year
Initial jobless claims are likely to decrease to an over year low of 540 thousand in the May 1st week, as the gradual re-opening of the economy prompted employers to hire more workers to respond to growing demand. The labor market recovery has been supported by the government's $1.9 trillion relief package and the acceleration in the pace of COVID-19 vaccinations. Meanwhile, continuing claims are seen declining to 3.62 million in the April 24th week from 3.66 million the week before, but remaining well above February 2020 levels.
2021-05-06

United States Initial Jobless Claims
Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment.