The number of people claiming unemployment benefits in the US sank by 12,000 to 201,000 on the week ending February 17th, well below market expectations of 218,000, to mark the lowest claim count since the 16-month low of 189,000 recorded five weeks prior. Additionally, continuing claims fell by 27,000 to 1,862,000 in the earlier period, undershooting expectations of 1,885,000, suggesting that unemployed individuals are having an easier time in finding suitable jobs. The data added to the strong jobs report from January to underscore historical tightness in the US labor market, adding leeway for the Federal Reserve to hold rates higher should inflation remain high. The four-week moving average, which reduces week-to-week volatility, fell by 3,500 to 215,250. The non-seasonally-adjusted claim count fell by 26,053 to 197,932, with sharp declines noted in California (-8,584), Kentucky (-3,655), and Michigan (-1,907). source: U.S. Department of Labor

Initial Jobless Claims in the United States decreased to 201 thousand in the week ending February 17 of 2024 from 213 thousand in the previous week. Initial Jobless Claims in the United States averaged 365.37 Thousand from 1967 until 2024, reaching an all time high of 6137.00 Thousand in April of 2020 and a record low of 162.00 Thousand in November of 1968. This page provides the latest reported value for - United States Initial Jobless Claims - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Initial Jobless Claims - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

Initial Jobless Claims in the United States decreased to 201 thousand in the week ending February 17 of 2024 from 213 thousand in the previous week. Initial Jobless Claims in the United States is expected to be 270.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Initial Jobless Claims


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-15 01:30 PM
Initial Jobless Claims
Feb/10 212K 220K 220K 220.0K
2024-02-22 01:30 PM
Initial Jobless Claims
Feb/17 201K 213K 218K 215K
2024-02-29 01:30 PM
Initial Jobless Claims
Feb/24 201K 210K 210.0K


Related Last Previous Unit Reference
Initial Jobless Claims 201.00 213.00 Thousand Feb 2024
Continuing Jobless Claims 1862.00 1889.00 Thousand Feb 2024
Productivity 111.76 110.88 points Dec 2023
Labour Costs 119.56 119.42 points Dec 2023
Jobless Claims 4-week Average 215.25 218.75 Thousand Feb 2024
Pandemic Unemployment Assistance Claims 0.90 1.55 Thousand Dec 2021

United States Initial Jobless Claims
Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment.
Actual Previous Highest Lowest Dates Unit Frequency
201.00 213.00 6137.00 162.00 1967 - 2024 Thousand Weekly
Volume, SA

News Stream
US Initial Jobless Claims Fall to 5-Week Low
The number of people claiming unemployment benefits in the US sank by 12,000 to 201,000 on the week ending February 17th, well below market expectations of 218,000, to mark the lowest claim count since the 16-month low of 189,000 recorded five weeks prior. Additionally, continuing claims fell by 27,000 to 1,862,000 in the earlier period, undershooting expectations of 1,885,000, suggesting that unemployed individuals are having an easier time in finding suitable jobs. The data added to the strong jobs report from January to underscore historical tightness in the US labor market, adding leeway for the Federal Reserve to hold rates higher should inflation remain high. The four-week moving average, which reduces week-to-week volatility, fell by 3,500 to 215,250. The non-seasonally-adjusted claim count fell by 26,053 to 197,932, with sharp declines noted in California (-8,584), Kentucky (-3,655), and Michigan (-1,907).
2024-02-22
US Jobless Claims Unexpectedly Fall
The number of people claiming unemployment benefits in the US fell by 8,000 from the prior week’s upwardly revised value to 212,000 on the period ending February 9th, firmly below market estimates of 220,000. It was the lowest reading in nearly one month, adding to the latest jobs report that indicated historical tightness in the US labor market, thus maintaining the leeway for the Federal Reserve to remain hawkish. The four-week moving average, which reduces week-to-week volatility, jumped by 5,750 to 218,500 in the period. The non-seasonally adjusted initial claim count fell by 12,565 to 222,164, as decreases in Missouri (-3,594) and Pennsylvania (-1,517) offset increases in Kentucky (3,264) and California (2,578). On the other hand, continuing claims rose by 30,000 to 1,895,000 in the previous week, suggesting that the unemployed population is having a more difficult time finding suitable jobs.
2024-02-15
US Jobless Claims Ease
The number of people claiming unemployment benefits in the US fell by 9,000 to 218,000 from the prior week's upwardly revised value in the February 2nd report, slightly below estimates of 220,000 but remaining firmly above the average from the last two months. In the meantime, continuing claims eased by 23,000 to 1,871,000 in the last week of January. Despite remaining firmly above the average from the last two months, the figures continue to point to a slowing albeit strong labor market. In the meantime, the four-week moving average jumped by 3,750 to 212,250. Non-seasonal-adjusted claims fell by 31,192 to 232,727, with declines noted in Oregon (-4,988), Ohio (-4,339), and California (-3,806), while increases were observed in Missouri (1,755) and Texas (1,237).
2024-02-08