US Jobless Claims Fall to 2-Month Low


The number of Americans filing for unemployment benefits decreased by 18,000 to 259,000 in the week ended June 18th compared with the previous period's unrevised reading of 277,000. The figure came in below market expectations of 270,000, hitting its lowest level in eight weeks.

This marks 68 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 267,000, a decrease of 2,250 from the previous week's unrevised average of 269,250.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending June 11, 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 11 was 2,142,000, a decrease of 20,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,157,000 to 2,162,000. The 4-week moving average was 2,147,000, a decrease of 4,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,150,250 to 2,151,500.

US Jobless Claims Fall to 2-Month Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/23/2016 1:44:40 PM