US Jobless Claims Lowest since 1969


The number of Americans filling for unemployment benefits fell by 10 thousand to 202 thousand in the week ending March 30th from the previous week’s revised level of 212 thousand and compared with market expectations of 216 thousand. It is the lowest reading since the week ended December 6th 1969.

The previous week's level was revised up by 1,000 from 211,000 to 212,000. The 4-week moving average was 213,500, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 250 from 217,250 to 217,500.

According to unadjusted data, the largest decreases were seen in Texas (-2,027), California (-1,755), Pennsylvania (-1,390) and Arkansas (-1,152) while the biggest rises were recorded in Illinois (1,362) and New York (465). 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 23, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 23 was 1,717,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,756,000 to 1,755,000. The 4-week moving average was 1,743,250, a decrease of 8,000 from the previous week's unrevised average of 1,751,250. 

US Jobless Claims Lowest since 1969


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
4/4/2019 12:43:20 PM