The number of Americans filling for unemployment benefits increased by 9 thousand to 220 thousand in the week ended August 10th 2019 from the previous week's upwardly revised 211 thousand and beating market expectations of 214 thousand. It is the highest level since the week ended June 29th. According to unadjusted data, the biggest rises were reported in California (+5,887), New York (+682) and Indiana (+513), while the largest decreases were seen in South Carolina (-470) and Florida (-459). Initial Jobless Claims in the United States averaged 351.82 Thousand from 1967 until 2019, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.
Initial Jobless Claims in the United States is expected to be 201.40 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 220.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 267.12 Thousand in 2020, according to our econometric models.