US Jobless Claims Drop for 1st Time in 3 Weeks


The number of Americans filing for unemployment benefits fell to 258 thousand in the week ended October 22nd, compared with the previous week's revised level of 261 thousand and above market expectations of 255 thousand. It was the first decline in three weeks and the 86th straight week of initial claims below 300 thousand, the longest streak since 1970.

The 4-week moving average was 253,000, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 251,750 to 252,000.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 15, unchanged from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending October 15 was 2,039,000, a decrease of 15,000 from the previous week's revised level. This is the lowest level for insured unemployment since June 24, 2000 when it was 2,033,000. The previous week's level was revised down by 3,000 from 2,057,000 to 2,054,000. The 4-week moving average was 2,051,250, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since July 1, 2000 when it was 2,036,500. The previous week's average was revised down by 750 from 2,058,250 to 2,057,500. 

US Jobless Claims Drop for 1st Time in 3 Weeks


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/27/2016 12:40:24 PM