US Jobless Claims Fall to 278K


The number of Americans filing for unemployment benefits decreased by 16,000 to 278,000 in the week ended May 14th compared to a 15-month high of 294,000 in the previous period. Claims fell for the first time in four weeks, slightly higher than market expectations of 275,000. It is the 63rd consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The 4-week moving average was 275,750, an increase of 7,500 from the previous week's unrevised average of 268,250.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending May 7th, unchanged from the previous week.

The advance number for seasonally adjusted insured unemployment during the week ending May 7th was 2,152,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,161,000 to 2,165,000.

The 4-week moving average was 2,142,500, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 1,000 from 2,137,250 to 2,138,250. 

US Jobless Claims Fall to 278K


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
5/19/2016 1:53:52 PM