The number of Americans filing for unemployment benefits rose to 229 thousand in the week ending May 20th, slightly up from an over two-month low of 225 thousand the week before but well below market expectations of 245 thousand. The latest data suggested that the labor market in the United States remains relatively robust and constrained, which could potentially result in upward pressure on wages and present an opportunity for the Federal Reserve to consider additional interest rate hikes as part of its measures to address inflation. The four-week moving average, which removes week-to-week volatility, was unchanged at 231.75 thousand, also below forecasts of 258.97 thousand. On a seasonally unadjusted basis, claims rose by 1.3 thousand from the previous week to 202.0 thousand, as considerable increases observed in Texas and Connecticut were partially offset by declines in Massachusetts and Michigan. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 367.26 Thousand from 1967 until 2023, 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 June of 2023.
Initial Jobless Claims in the United States is expected to be 280.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.