US Initial Jobless Claims at 4-Week High


The number of Americans filing for unemployment benefits increased by 13,000 to 277,000 in the week ended June 11th 2016 from unrevised 264,000 in the previous period. It is the highest figure in four weeks and above market expectations of 270,000, marking the 67th consecutive week of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 269,250, a decrease of 250 from the previous week's unrevised average of 269,500.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending June 4, an increase of 0.1 percentage point from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending June 4 was 2,157,000, an increase of 45,000 from the previous week's revised level. The previous week's level was revised up 17,000 from 2,095,000 to 2,112,000. The 4-week moving average was 2,150,250, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 4,250 from 2,145,000 to 2,149,250. 


US Initial Jobless Claims at 4-Week High


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/16/2016 1:41:52 PM