Jobless Claims At 5-Week High


The number of Americans filing for unemployment benefits increased by 17,000 to 274,000 in the week ended April 30th. Figures came above market expectations of 260,000, reaching the highest in five weeks. However, it is the 61st consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The 4-week moving average was 258,000, an increase of 2,000 from the previous week's unrevised average of 256,000.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending April 23, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending April 23 was 2,121,000, a decrease of 8,000 from the previous week's unrevised level of 2,129,000. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000.

The 4-week moving average was 2,140,250, a decrease of 17,000 from the previous week's unrevised average of 2,157,250. This is the lowest level for this average since November 11, 2000 when it was 2,119,750.

Jobless Claims At 5-Week High


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
5/5/2016 1:35:52 PM