US Initial Jobless Claims Fall, Matching 1973 Level


The number of Americans filing for unemployment benefits was 253,000 in the week ended April 9th, a decrease of 13,000 from the previous week's revised level of 266,000, and matching March 3rd level, which was the lowest since November 1973. Figures came below market expectations of 270,000, marking the 58th straight week claims are below 300,000, the level associated with a healthy jobs market.

The 4-week moving average was 265,000, a decrease of 1,500 from the previous week's revised average. The previous week's average was revised down by 250 from 266,750 to 266,500.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 2, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending April 2 was 2,171,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 2,191,000 to 2,189,000.

The 4-week moving average was 2,178,000, a decrease of 10,250 from the previous week's revised average. This is the lowest level for this average since November 18, 2000 when it was 2,169,000. The previous week's average was revised down by 500 from 2,188,750 to 2,188,250. 


US Initial Jobless Claims Fall, Matching 1973 Level


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/14/2016 2:01:23 PM