US Jobless Claims Fall To 44-Year Low


The number of Americans filing for unemployment benefits decreased by 19 thousand to 223 thousand in the week ended February 25th 2017, from the previous week's revised level of 242 thousand. The figure came in below expectations of 243 thousand to hit the lowest level since March 1973.

Claims have been below 300 thousand for 104 straight weeks, the longest streak since 1970.

The 4-week moving average was 234,250, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since April 14, 1973 when it was 232,750. The previous week's average was revised down by 500 from 241,000 to 240,500.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending February 18, 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 February 18 was 2,066,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,060,000 to 2,063,000. The 4-week moving average was 2,071,250, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,069,750 to 2,070,500.

DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/2/2017 1:49:52 PM