US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 6 thousand to 244 thousand in the week ended February 18th 2017, from the previous week's downwardly revised level of 238 thousand and above market expectations of 241 thousand. Claims have been below 300 thousand for 103 straight weeks, the longest streak since 1970.

The 4-week moving average was 241,000, a decrease of 4,000 from the previous week's revised average. This is the lowest level for this average since July 21, 1973 when it was 239,500. The previous week's average was revised down by 250 from 245,250 to 245,000. 

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending February 11, 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 February 11 was 2,060,000, a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 2,078,000 to 2,079,000. The 4-week moving average was 2,069,750, an decrease of 10,750 from the previous week's revised average. The previous week's average was revised up by 250 from 2,080,250 to 2,080,500.

US Jobless Claims Rise More Than Expected


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/23/2017 1:37:21 PM