US Jobless Claims Drop For Third Straight Week



The number of Americans filling for unemployment benefits decreased by 3 thousand to 201 thousand in the week ending September 15 from the previous week's unrevised level of 204 thousand, missing market expectations of 210 thousand. Claims fell for the third straight week to hit the lowest level since November 15, 1969.

The 4-week moving average was 205,750, a decrease of 2,250 from the previous week's unrevised average of 208,000. This is the lowest level for this average since December 6, 1969 when it was 204,500. 

According to unadjusted data, the largest decreases were seen in Illinois (-752), Iowa (-632) and Kansas (-575) while the biggest rises were reported in California (+2,470), New Jersey (+1,398) and Georgia (+1,381).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 8, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending September 8 was 1,645,000, a decrease of 55,000 from the previous week's revised level. This is the lowest level for insured unemployment since August 4, 1973 when it was 1,633,000. The previous week's level was revised up 4,000 from 1,696,000 to 1,700,000. It compares with market expectations of 1,705,000. The 4-week moving average was 1,691,500, a decrease of 20,750 from the previous week's revised average. This is the lowest level for this average since November 17, 1973 when it was 1,686,000. The previous week's average was revised up by 1,000 from 1,711,250 to 1,712,250. 

US Jobless Claims Drop For Third Straight Week


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/20/2018 1:03:12 PM