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.