US Jobless Claims Below Expectations


The number of Americans filing for unemployment benefits fell 16,000 to 254,000 in the week ended July 2nd, the lowest in eleven weeks. Figures came better than market expectations of 270 thousand, suggesting labour market strength. It is the 70th straight week initial claims are below 300,000, the longest streak since 1973.

The previous week's level was revised up by 2,000 from 268,000 to 270,000.

The 4-week moving average was 264,750, a decrease of 2,500 from the previous week's revised average. The previous week's average was revised up by 500 from 266,750 to 267,250.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending June 25, unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.5 to 1.6 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 2,124,000, a decrease of 44,000 from the previous week's revised level. The previous week's level was revised up 48,000 from 2,120,000 to 2,168,000. The 4-week moving average was 2,148,250, an increase of 3,000 from the previous week's revised average. The previous week's average was revised up by 11,750 from 2,133,500 to 2,145,250. 

US Jobless Claims Below Expectations


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
7/7/2016 1:39:45 PM