US Jobless Claims Decline to 7-Week Low

The number of Americans filing for unemployment benefits fell by 4 thousand to 259,000 in the week ended September 3rd 2016. Figures came below market expectations of 265,000, reaching the lowest since mid-July. The 4-week moving average, seen as a better measure of labor market trends as it removes week-to-week volatility, fell by 1,750 to 261,250.

This marks 79 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 27, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending August 27 was 2,144,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised down by 8,000 from 2,159,000 to 2,151,000. The 4-week moving average was 2,153,750, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised down by 2,000 from 2,159,750 to 2,157,750. 

US Jobless Claims Decline to 7-Week Low

DOL | Joana Taborda |
9/8/2016 1:42:20 PM