US Jobless Claims Down to 249K


The number of Americans filing for unemployment benefits fell by 5,000 to 249,000 in the week ended October 1st, below market expectations of 257,000 and reaching the lowest figure since mid-April. The four-week average, which smooths out week-to-week volatility in the claims data, dropped to 253,500, the lowest since 1973.

This marks 83 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The previous week's level was unrevised at 254,000. The 4-week moving average decreased by 2,500 from the previous week's unrevised average of 256,000. 

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending September 24, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending September 24 was 2,058,000, a decrease of 6,000 from the previous week's revised level. This is the lowest level for insured unemployment since July 1, 2000 when it was 2,052,000. The previous week's level was revised up 2,000 from 2,062,000 to 2,064,000. 

The 4-week moving average was 2,094,750, a decrease of 21,000 from the previous week's revised average. This is the lowest level for this average since August 12, 2000 when it was 2,090,000. The previous week's average was revised up by 500 from 2,115,250 to 2,115,750. 

US Jobless Claims Down to 249K


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
10/6/2016 12:39:40 PM