US Jobless Claims Fall to Near 6-Month Low


The number of Americans filing for unemployment benefits declined by 12 thousand to 232 thousand in the week ended August 12th from the previous week's unrevised level of 244 thousand and below market expectations of 240 thousand. It was the lowest level since the week ended February 25th when claims dropped to 227 thousand, which was the best reading since March 1973.

Claims have now been below 300,000 for 128 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 240,500, a decrease of 500 from the previous week's unrevised average of 241,000.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending August 5, unchanged from the previous week's unrevised rate. 

The continuing claimsdrawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending August 5 was 1,953,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up 5,000 from 1,951,000 to 1,956,000. The 4-week moving average was 1,960,250, a decrease of 6,000 from the previous week's revised average. The previous week's average was revised up by 1,250 from 1,965,000 to 1,966,250.  

US Jobless Claims Fall to Near 6-Month Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/17/2017 12:36:53 PM