US Jobless Claims Drop to 268K


The number of Americans filing for unemployment benefits decreased by 10,000 to 268,000 in the week ended May 21st compared to unrevised 278,000 in the previous period. Claims fell for the second time in five weeks, below market expectations of 275,000. It is the 64th consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The 4-week moving average was 278,500, an increase of 2,750 from the previous week's unrevised average of 275,750.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending May 14, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending May 14 was 2,163,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 2,152,000 to 2,153,000.

The 4-week moving average was 2,151,250, an increase of 8,500 from the previous week's revised average. The previous week's average was revised up by 250 from 2,142,500 to 2,142,750. 

US Jobless Claims Drop to 268K


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/26/2016 1:45:09 PM