US Jobless Claims Drop to New 50-Year Low


The number of Americans filling for unemployment benefits decreased by 8 thousand to 196 thousand in the week ended April 6th from the previous week’s revised level of 204 thousand and compared with market expectations of 211 thousand. It is the lowest reading since the week ended October 4th 1969.

The 4-week moving average was 207,000, a decrease of 7,000 from the previous week's revised average. This is the lowest level for this average since December 6, 1969 when it was 204,500. The previous week's average was revised up by 500 from 213,500 to 214,000. 

According to unadjusted data, the largest decreases were seen in California (-1,714); Missouri (-499) and Idaho (-331) while the biggest rises were recorded in Michigan (+1,847); Tennessee (+1,492); Washington (+1,120) and Indiana (+1,097).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 30, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending March 30 was 1,713,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up 9,000 from 1,717,000 to 1,726,000. The 4-week moving average was 1,734,500, a decrease of 11,000 from the previous week's revised average. The previous week's average was revised up by 2,250 from 1,743,250 to 1,745,500.

US Jobless Claims Drop to New 50-Year Low


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/11/2019 12:45:37 PM