US Initial Jobless Claims Down to 2-Month Low

The number of Americans filing for unemployment benefits fell by 8,000 to 252,000 in the week ended September 17th 2016. It is the lowest figure in two months and below market expectations of 262,000. It marks the 81st consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

The 4-week moving average, seen as a better measure of labor market trends as it removes week-to-week volatility decreased by 2,250 to 258,500.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending September 10, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

Continuing claims for the week ending September 10 were down by 36,000 to 2,113,000. The previous week's level was revised up 6,000 from 2,143,000 to 2,149,000. The 4-week moving average was 2,140,250, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised up by 1,500 from 2,146,750 to 2,148,250. 

US Initial Jobless Claims Down to 2-Month Low

DOL | Joana Taborda |
9/22/2016 12:40:19 PM