US Initial Jobless Claims Rise To 7-Week High


The number of Americans filing for unemployment benefits increased by 15 thousand to 258 thousand in the week ended March 18th 2017, above market expectations of 240 thousand. It is the highest reading in seven weeks. The 4-week moving average that removes week-to-week volatility increased by 1,000 to 240,000.

The previous week's level was revised up by 2,000 to 243,000. The 4-week moving average was revised up by 1,750 to 239,000.

The seasonally adjusted insured unemployment rate was 1.4 percent for the week ending March 11, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

Continuing jobless claims fell by 39,000 to 2,000,000 during the week ending March 11. The previous week's level was revised up 9,000 to 2,039,000. The 4-week moving average was 2,026,750, a decrease of 32,000 from the previous week's revised (up by 4,500 to 2,058,750).

US Initial Jobless Claims Rise To 7-Week High


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
3/23/2017 12:46:09 PM