US Jobless Claims Rise to 257K


The number of Americans filing for unemployment benefits was 257,000 in the week ended April 23rd, an increase of 9,000 from the previous week's revised level of 248,000, better than market expectations of 260,000. This marks 60 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 256,000, a decrease of 4,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 252,250. The previous week's average was revised up by 250 from 260,500 to 260,750.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 16, unchanged from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending April 16 was 2,130,000, a decrease of 5,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week's level was revised down by 2,000 from 2,137,000 to 2,135,000. The 4-week moving average was 2,157,500, a decrease of 10,500 from the previous week's revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week's average was revised down by 500 from 2,168,500 to 2,168,000. 

US Jobless Claims Rise to 257K


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/28/2016 1:37:12 PM