US Jobless Claims Rise More than Expected


The number of Americans filling for unemployment benefits increased by 8 thousand to 225 thousand in the week ending February 23 from the previous week’s revised level of 217 thousand. It compares with market expectations of 220 thousand.

The 4-week moving average was 229,000, a decrease of 7,000 from the previous week's revised average. The previous week's average was revised up by 250 from 235,750 to 236,000.

According to unadjusted data, the largest gains were seen in Kentucky (+4,412); Massachusetts (+4,219) and Connecticut (+941) while the biggest declines were registered in California (-8,574); Washington (-4,690) and Oregon (-826).

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending February 16, an increase of 0.1 percentage point from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending February 16 was 1,805,000, an increase of 79,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,725,000 to 1,726,000. The 4-week moving average was 1,761,750, an increase of 6,750 from the previous week's revised average. The previous week's average was revised up by 250 from 1,754,750 to 1,755,000.

US Jobless Claims Rise More than Expected


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
2/28/2019 1:38:13 PM