US Jobless Claims Rise to 5-Week High


The number of Americans filing for unemployment benefits increased by 3,000 to 269,000 in the week ended July 30th compared with the previous week's unrevised level of 266,000. The figure came in above market expectations of 265,000.

Yet, this marks 74 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The 4-week moving average was 260,250, an increase of 3,750 from the previous week's unrevised average of 256,500.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 23, 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 July 23 was 2,138,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 2,139,000 to 2,144,000. The 4-week moving average was 2,141,750, an increase of 5,250 from the previous week's revised average. The previous week's average was revised up by 1,250 from 2,135,250 to 2,136,500. 

 US Jobless Claims Rise to 5-Week High


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/4/2016 1:37:49 PM