Jobless Claims Drop to 241K


The number of Americans filing for unemployment benefits went down by 2 thousand to 241 thousand in the week ended March 11th 2017, slightly below market expectations of 243 thousand. The four-week moving average increased to 237,250 last week from 236,500.

The initial claims have been below 300 thousand for 106 straight weeks, the longest streak since 1970. 

The number of people continuing to receive jobless benefits fell by 30,000 to 2.03 million in the week ended March 4th, the fewest since the period ended Dec. 3rd. 

The unemployment rate among people eligible for benefits held at 1.5 percent.  The advance number for seasonally adjusted insured unemployment was 2,030,000, a decrease of 30,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 2,058,000 to 2,060,000. The 4-week moving average was 2,054,250, a decrease of 11,750 from the previous week's revised average. The previous week's average was revised up by 500 from 2,065,500 to 2,066,000. 

Jobless Claims Drop to 241K


Anna | anna@tradingeconomics.com
3/16/2017 12:40:08 PM