US Jobless Claims Fall for 4th Straight Week



The number of Americans filing for unemployment benefits fell by 3 thousand to 218 thousand in the week ending June 16th, compared to an upwardly revised 221 thousand in the previous week and markets expectations of 220 thousand new claims. It was the fourth consecutive week of decreases in jobless claims.

The 4-week moving average was 221,000, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 750 from 224,250 to 225,000.

According to unadjusted data, the biggest declines in jobless claims were reported in Tennessee (-2,566), Illinois (-2,099), Florida (-1,971) and Georgia (-1,792) while the highest rises were seen in Pennsylvania (+2,539), California (+1,768) and Wisconsin (+1,760). Claims fell in Virgin Islands (-3) but went up in Puerto Rico (+544).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 9, unchanged from the previous week's unrevised rate.

Continuing claims during the week ending June 9 were 1,723,000, an increase of 22,000 from the previous week's revised level of 1,701,000. Figures missed market consensus of 1,730,000. The 4-week moving average was 1,722,500, a decrease of 4,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was1,715,500. The previous week's average was revised up by 1,000 from 1,726,250 to 1,727,250.


US Jobless Claims Fall for 4th Straight Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/21/2018 1:13:24 PM