US Jobless Claims Lowest in Near 3 Months


The number of Americans filling for unemployment benefits decreased by 13 thousand to 209 thousand in the week ended July 6th 2019 from the previous week’s revised level of 222 thousand and compared with market expectations of 223 thousand. This is the lowest level for initial claims since April 13th. It is the second straight weekly decline and the steepest since the week ended May 11th.

The 4-week moving average was 219,250, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised up by 250 from 222,250 to 222,500. 

According to unadjusted data, the biggest declines were recorded in California (-6,734); New Jersey (-6,023); Texas (-1,979) and Connecticut (-1,560) while the largest declines were seen in New York (+11,007); Michigan (+6,616); Kansas (+2,724) and Kentucky (+2,456).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 29, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending June 29 was 1,723,000, an increase of 27,000 from the previous week's revised level. The previous week's level was revised up 10,000 from 1,686,000 to 1,696,000. The 4-week moving average was 1,694,750, an increase of 5,750 from the previous week's revised average. The previous week's average was revised up by 2,500 from 1,686,500 to 1,689,000.

US Jobless Claims Lowest in Near 3 Months


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/11/2019 12:50:35 PM