US Jobless Claims Fall To Near 43-Year Low


The number of Americans filing for unemployment benefits decreased by 28 thousand to 235 thousand in the week ended December 31st from the previous week's revised level of 263 thousand. The figure came in way below market expectations of 260 thousand and was close to the 233 thousand touched in mid-November, which was the lowest level since November 1973.

This marks 96 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 256,750, a decrease of 5,750 from the previous week's revised average. The previous week's average was revised down by 500 from 263,000 to 262,500.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 24, unchanged from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending December 24 was 2,112,000, an increase of 16,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 2,102,000 to 2,096,000. The 4-week moving average was 2,067,000, an increase of 26,250 from the previous week's revised average. The previous week's average was revised down by 1,500 from 2,042,250 to 2,040,750. 

US Jobless Claims Fall To Near 43-Year Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/5/2017 1:39:01 PM