US Jobless Claims Below 300K for Longest Streak Since 1970


The number of Americans filing for unemployment benefits decreased by 1,000 to 266,000 in the week ended August 6th compared with the previous week's revised level of 267,000. The figure came in above market expectations of 265,000. This marks 75 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 262,750, an increase of 3,000 from the previous week's revised average. The previous week's average was revised down by 500 from 260,250 to 259,750.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 30, 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 30 was 2,155,000, an increase of 14,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,138,000 to 2,141,000. The 4-week moving average was 2,143,000, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 750 from 2,141,750 to 2,142,500.

US Jobless Claims Below 300K for Longest Streak Since 1970


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/11/2016 1:36:32 PM