US Jobless Claims Fall More than Expected


The number of Americans filling for unemployment benefits decreased by 17 thousand to 216 thousand in the week ending January 5 from the previous week’s revised level of 233 thousand and below market expectations of 225 thousand.

The 4-week moving average was 221,750, an increase of 2,500 from the previous week's revised average. The previous week's average was revised up by 500 from 218,750 to 219,250. 

According to unadjusted data, the largest declines were reported in New Jersey (-8,132); Ohio (-5,639); Michigan (-5,058); Massachusetts (-3,592) and Iowa (-3,171) while the biggest increases were seen in New York (+26,446); Georgia (+10,420); Texas (+3,657) and South Carolina (+3,331).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 29, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending December 29 was 1,722,000, a decrease of 28,000 from the previous week's revised level. The previous week's level was revised up 10,000 from 1,740,000 to 1,750,000. The 4-week moving average was 1,721,250, an increase of 15,250 from the previous week's revised average. The previous week's average was revised up by 2,500 from 1,703,500 to 1,706,000.

US Jobless Claims Fall More than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/10/2019 1:53:38 PM