The number of Americans filling for unemployment benefits decreased by 4 thousand to 231 thousand in the week ending December 1 from the previous week's revised level of 235 thousand. It compares with market expectations of a decline to 225 thousand. According to unadjusted data, the largest declines were seen in Oklahoma (-1,022), Kentucky (-753), Vermont (-309) and Massachusetts (-189) while the biggest increases were reported in California (+21,803), Pennsylvania (+9,954), New York (+8,965) and Illinois (+8,022). Initial Jobless Claims in the United States averaged 353.63 Thousand from 1967 until 2018, 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 210.00 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 230.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 240.00 Thousand in 2020, according to our econometric models.