US Initial Jobless Claims Revised Up To 261K


The number of Americans filing for unemployment benefits increased by 15 thousand to 261 thousand in the week ended March 18th 2017, above market expectations of 240 thousand. It is the highest reading in 13 weeks. The 4-week moving average that removes week-to-week volatility increased by 3,500 to 246,500, revised data showed. Claims had been initially reported at 258 thousand for the week ended March 18th 2017. In contrast, continuing claims were revised down to 1,990 thousand from 2,000 thousand.

The previous week's level was revised up by 5,000 to 246,000 and the previous week's average was revised up by 5,750 to 243,000. 

The advance 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 claims fell by 35,000 to 1,990,000 during the week ending March 11. This is the lowest level for insured unemployment since May 27, 2000 when it was 1,987,000. The previous week's level was revised down by 5,000 to 2,025,000. The 4-week moving average was 2,032,750, a decrease of 15,500 and the lowest level for this average since June 24, 2000 when it was 2,028,250. The previous week's average was revised down by 6,000 to 2,048,250. 

US Initial Jobless Claims Revised Up To 261K


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
3/24/2017 3:56:35 PM