US Jobless Claims Edge Down to 5-Week Low


The number of Americans filing for unemployment benefits was recorded at 267,000, a decrease of 1,000 from the previous week's unrevised level of 268,000, below market expectations of 270,000. This marks 65 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 276,750, a decrease of 1,750 from the previous week's unrevised average of 278,500.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending May 21, 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 May 21 was 2,172,000, an increase of 12,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 2,163,000 to 2,160,000. The 4-week moving average was 2,162,500, an increase of 12,000 from the previous week's revised average. The previous week's average was revised down by 750 from 2,151,250 to 2,150,500. 

 US Jobless Claims Edge Down to 5-Week Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/2/2016 1:36:29 PM