US Jobless Claims Remain Near 49-Year Low


The number of Americans filling for unemployment benefits decreased by 1 thousand to 204 thousand in the week ending September 8 from the previous week's upwardly revised level of 205 thousand and missing market consensus of 210 thousand. This is the lowest level for initial claims since December 6, 1969 when it was 202 thousand.

The 4-week moving average was 208,000, a decrease of 2,000 from the previous week's revised average. This is the lowest level for this average since December 6, 1969 when it was 204,500. The previous week's average was revised up by 500 from 209,500 to 210,000. 

According to unadjusted data, the largest declines were reported in California (-3,708), New York (-3,688) and Pennsylvania (-956) while the biggest increases were seen in Iowa (+803), Wisconsin (+645) and Kansas (+582).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 1, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending September 1 was 1,696,000, a decrease of 15,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 1, 1973 when it was 1,692,000. The previous week's level was revised up 4,000 from 1,707,000 to 1,711,000. It compares with market consensus of 1,710,000. The 4-week moving average was 1,711,250, a decrease of 8,250 from the previous week's revised average. This is the lowest level for this average since November 24, 1973 when it was 1,706,000. The previous week's average was revised up by 1,000 from 1,718,500 to 1,719,500. 

US Jobless Claims Remain Near 49-Year Low


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/13/2018 12:51:47 PM