US Initial Jobless Claims at 27-Week High


The number of Americans filing for unemployment benefits increased by 21 thousand to 275 thousand in the week ended December 17th from the previous week's unrevised level of 254 thousand. The figure came above market expectations of 256 thousand to hit the highest level since the week ended June 11th.

This marks 94 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average was 263,750, an increase of 6,000 from the previous week's unrevised average of 257,750.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 10th, 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 December 10th was 2,036,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,018,000 to 2,021,000. The 4-week moving average was 2,037,000, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,038,000 to 2,038,750. 

 US Initial Jobless Claims at 27-Week High


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/22/2016 1:40:09 PM