US Jobless Claims Rise Slightly More than Expected


The number of Americans filling for unemployment benefits increased by 5 thousand to 215 thousand in the week ending October 20 from the previous week's unrevised level of 210 thousand. Figures came slightly above market expectations of 214 thousand. Claims for South and North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

The 4-week moving average was 211,750, unchanged from the previous week's unrevised average of 211,750. 

According to unadjusted data, the biggest rises in claims were reported in Florida (+3,744), Georgia (+3,440), New Jersey (+737) and New York (+721) while the largest declines were seen in North Carolina (-1,021), Tennessee (-991) and Kansas (-500). New applications for US unemployment aid also fell in South Carolina (-229). 

The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending October 13, a decrease of 0.1 percentage point from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending October 13 was 1,636,000, a decrease of 5,000 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 1,000 from 1,640,000 to 1,641,000. It compares with market expectations of 1,653,000. The 4-week moving average was 1,646,500, a decrease of 6,750 from the previous week's revised average. This is the lowest level for this average since August 11, 1973 when it was 1,627,250. The previous week's average was revised up by 250 from 1,653,000 to 1,653,250.

US Jobless Claims Rise Slightly More than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/25/2018 1:22:34 PM