US Jobless Claims Fall To 3-Week Low


The number of Americans filing for unemployment benefits decreased by 4 thousand to 254 thousand in the week ended December 10th from the previous week's unrevised level of 258 thousand. The figure came in below market expectations of 255 thousand to hit the lowest level in three weeks.

This marks 93 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 257,750, an increase of 5,250 from the previous week's unrevised average of 252,500.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 3, unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.4 to 1.5 percent. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending December 3 was 2,018,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 2,005,000 to 2,007,000. The 4-week moving average was 2,038,000, an increase of 8,750 from the previous week's revised average. The previous week's average was revised up by 500 from 2,028,750 to 2,029,250. 

US Jobless Claims Fall To 3-Week Low


DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/15/2016 1:42:05 PM