US Jobless Claims Drop to Fresh Low since 1969


The number of Americans filling for unemployment benefits decreased by 5 thousand to 192 thousand in the week ended April 13th from the previous week’s revised level of 197 thousand and compared with market expectations of 205 thousand. This is the lowest level for initial claims since the week ended September 6th of 1969.

The 4-week moving average was 201,250, a decrease of 6,000 from the previous week's revised average. This is the lowest level for this average since November 1, 1969 when it was 200,500. The previous week's average was revised up by 250 from 207,000 to 207,250. 

According to unadjusted data, the largest decreases were seen in Tennessee (-2,292); Michigan (-1,244); Illinois (-1,127) and Arkansas (-916) while the biggest rises were recorded in California (+3,987); Connecticut (+1,057) and Washington (+864).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 6, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending April 6 was 1,653,000, a decrease of 63,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,713,000 to 1,716,000. The 4-week moving average was 1,712,500, a decrease of 22,750 from the previous week's revised average. The previous week's average was revised up by 750 from 1,734,500 to 1,735,250.

US Jobless Claims Drop to Fresh Low since 1969


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/18/2019 12:39:05 PM