US Initial Jobless Claims at 6-Week Low


The number of Americans filing for unemployment benefits decreased for the fourth straight time to 264,000 in the week ended June 4th 2016 from an upwardly revised 268,000 in the previous period. It is the lowest figure in six weeks and below market expectations of 270,000, marking the 66th consecutive week of initial claims below 300,000, the longest streak since 1973.

The previous week's level was revised up by 1,000 from 267,000 to 268,000. 

The 4-week moving average was 269,500, a decrease of 7,500 from the previous week's revised average. The previous week's average was revised up by 250 from 276,750 to 277,000.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending May 28, 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 May 28 was 2,095,000, a decrease of 77,000 from the previous week's unrevised level of 2,172,000. This is the lowest level for insured unemployment since October 21, 2000 when it was 2,082,000. The 4-week moving average was 2,145,000, a decrease of 17,500 from the previous week's unrevised average of 2,162,500.

US Initial Jobless Claims at 6-Week Low


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
6/9/2016 1:38:20 PM