US Jobless Claims Lower Than Expected At 247K


The number of Americans filing for unemployment benefits increased by 10 thousand to 247 thousand in the week ended January 7th 2017, below market expectations of 255 thousand. It is the 97th consecutive week of initial claims below 300,000, the longest streak since 1970. Yet, the 4-week moving average that removes week-to-week volatility fell by 1.75 thousand to 256.5 thousand.

Claims for the prior week were revised up by 2,000d to 237,000 and the previous week's average was revised up by 1,500 from 256,750 to 258,250.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 31, unchanged from the previous week's unrevised rate.

Continuing jobless claims fell by 29,000 to 2,087during the week ending December 31. The previous week's level was revised up 4,000 from 2,112,000 to 2,116,000. The 4-week moving average was 2,086,750, an increase of 16,500 from the previous week's revised average. The previous week's average was revised up by 3,250 from 2,067,000 to 2,070,250. 

US Jobless Claims Lower Than Expected At 247K


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
1/12/2017 1:51:15 PM