US Jobless Claims Fall More than Expected


The number of Americans filling for unemployment benefits decreased to 221 thousand in the week ending June 29, from the previous week's upwardly revised level of 229 thousand and compared with market expectations of 223 thousand.

The 4-week moving average was 222,250, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 500 from 221,250 to 221,750. 

According to unadjusted data, the largest decreases in claims were reported in Pennsylvania (-4,107), Massachusetts (-2,367), Connecticut (-1,682), Maryland (-1,493) and California (-1,443), while the biggest rises were seen in New Jersey (+4,832), New York (+2,671) and Michigan (+1,572).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 22, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending June 22 was 1,686,000, a decrease of 8,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 1,688,000 to 1,694,000. Figures came above market estimates of 1,675,000. The 4-week moving average was 1,686,500, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 1,500 from 1,686,750 to 1,688,250. 

US Jobless Claims Fall More than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/3/2019 12:47:47 PM