US Jobless Claims Rise More Than Expected


The number of Americans filing for unemployment benefits increased by 3 thousand to 241 thousand in the week ended June 17th from the previous week's revised level of 238 thousand and above market expectations of 240 thousand.

Claims have now been below 300,000 for 120 straight weeks, the longest such stretch since 1970.

The 4-week moving average, which removes week-to-week volatility, rose 1,500 to 244,750 last week, the highest since early April. The previous week's average was revised up by 250 from 243,000 to 243,250.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 10, 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 June 10 was 1,944,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,935,000 to 1,936,000. The 4-week moving average was 1,932,000, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 1,926,750 to 1,927,000. 

US Jobless Claims Rise More Than Expected


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/22/2017 12:34:35 PM