US Initial Jobless Claims at Fresh 43-Year Low


The number of Americans filing for unemployment benefits decreased by 19 thousand to 235 thousand in the week ended November 12th from the previous week's unrevised level of 254 thousand. The figure came in below market expectations of 257 thousand to hit the lowest level since November 1973.

This marks 89 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 253,500, a decrease of 6,500 from the previous week's revised average. The previous week's average was revised up by 250 from 259,750 to 260,000. 

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 5, a decrease of 0.1 percentage point from the previous week's unrevised rate.

The continuing claims during the week ending November 5 was 1,977,000, a decrease of 66,000 from the previous week's revised level.  This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The previous week's level was revised up 2,000 from 2,041,000 to 2,043,000. The 4-week moving average was 2,022,500, a decrease of 19,250 from the previous week's revised average. This is the lowest level for this average since June 17, 2000 when it was 2,016,750. The previous week's average was revised up by 2,250 from 2,039,500 to 2,041,750. 

US Initial Jobless Claims at Fresh 43-Year Low


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/17/2016 1:41:33 PM