US Jobless Claims Rise to 251K


The number of Americans filing for unemployment benefits increased by 18 thousand to 251 thousand in the week ended November 19th from the previous week's revised level of 233 thousand. The figure came in slightly above market expectations of 250 thousand.

This marks 90 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4- week moving average was 251,000, a decrease of 2,000 from the previous week's revised average. The previous week's average was revised down by 500 from 253,500 to 253,000.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending November 12, an increase of 0.1 percentage point 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 November 12 was 2,043,000, an increase of 60,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 1,977,000 to 1,983,000. The 4-week moving average was 2,024,750, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 1,500 from 2,022,500 to 2,024,000. 

 US Jobless Claims Rise to 251K


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/23/2016 1:37:56 PM