US Jobless Claims Below 240K For 3rd Week


The number of Americans filing for unemployment benefits decreased by 4K to 232K in latest week, the lowest level since February. It was the third straight week of falls bringing the claims close to values only seen in 1973. Meanwhile, continuing claims fell by 22K to 1898K, the lowest since November 1988.

The 4-week moving average was 2407,50, a decrease of 2,750 from the previous week's unrevised average of 243,500.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 6, unchanged from the previous week's unrevised rate. 

Continuing claims went down to 1,898,000 in the week ended May 6th. The previous week's level was revised up 2,000 from 1,918,000 to 1,920,000. The 4-week moving average was 1946,000, a decrease of 20,000 from the previous week's revised average. This is the lowest level for this average since January 19, 1974 when it was 1,920,750. The previous week's average was revised up by 500 from 1,965,500 to 1,966,000. 

US Jobless Claims Below 240K For 3rd Week


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
5/18/2017 12:55:27 PM