US Jobless Claims Lowest in 3 Weeks


The number of Americans filling for unemployment benefits decreased by 10 thousand to 210 thousand in the week ended October 5th from the previous week's upwardly revised level of 220 thousand and below market expectations of 15 thousand. Jobless claims hit the lowest level since the week ended September 14th, despite spillover effects from the prolonged strike at General Motors Co. which began September 15th. According to unadjusted data, the largest declines were recorded in Ohio (-936) and Michigan (-722) while the biggest rises were observed in Texas (+1,860), Illinois (+1,758) and New York (+1,060).

The 4-week moving average was 213,750, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 212,500 to 212,750. 

According to unadjusted data, the largest declines were recorded in Ohio (-936) and Michigan (-722) while the biggest rises were observed in Texas (+1,860), Illinois (+1,758) and New York (+1,060).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 28, an increase of 0.1 percentage point from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending September 28 was 1,684,000, an increase of 29,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,651,000 to 1,655,000. Figures came well above market expectations of 1,653,000. The 4-week moving average was 1,665,000, an increase of 2,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,661,500 to 1,662,500.

US Jobless Claims Lowest in 3 Weeks


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/10/2019 1:48:11 PM