US Jobless Claims Rise Less than Expected


The number of Americans filing for unemployment benefits increased by 10 thousand to 233 thousand in the week ended October 21st, slightly below market expectations of 235 thousand. The previous week's level was revised up by 1 thousand to 223 thousand. Yet, claims taking procedures continue to be severely disrupted in Puerto Rico and the Virgin Islands as a result of power outages and infrastructure damage caused by Hurricanes Irma and Maria.

The 4-week moving average was 239,500, a decrease of 9,000 from the previous week's revised average. The previous week's average was revised up by 250 from 248,250 to 248,500.

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending October 14, unchanged from the previous week's unrevised rate.

Continuing claims fell by 3,000 to 1,893,000 during the week ending October 14, the lowest level since December 29, 1973 when it was 1,805,000. The previous week's level was revised up 8,000 from 1,888,000 to 1,896,000. The 4-week moving average was 1,903,500, a decrease of 4,500 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. The previous week's average was revised up by 2,000 from 1,906,000 to 1,908,000. 

US Jobless Claims Rise Less than Expected


DOL | Joana Taborda | joana.taborda@tradingeconomics.com
10/26/2017 12:47:37 PM