US Jobless Claims Fall More than Expected in Latest Week


The number of Americans filling for unemployment benefits fell by 23 thousand to 216 thousand in the week ending February 16 from the previous week’s revised level of 239 thousand. It compares with market expectations of 229 thousand.

The 4-week moving average was 235,750, an increase of 4,000 from the previous week's unrevised average of 231,750. This is the highest level for this average since January 20, 2018 when it was 237,500. 

According to unadjusted data, the biggest declines were registered in Wisconsin (-4,560); Michigan (-4,377); Pennsylvania (-4,163) and New York (-3,730) while the largest gains were seen in Washington (+1,670); Virginia (+779) and Nevada (+271).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 9, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 1,725,000, a decrease of 55,000 from the previous week's revised level. The previous week's level was revised up 7,000 from 1,773,000 to 1,780,000. The 4-week moving average was 1,754,750, an increase of 2,750 from the previous week's revised average. The previous week's average was revised up by 1,750 from 1,750,250 to 1,752,000. 

US Jobless Claims Fall More than Expected in Latest Week


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
2/21/2019 1:42:57 PM